- The ATT responded to a consultation by HMRC and the Department for Business and Trade on promoting e-invoicing in the UK.
- The consultation covers standardizing e-invoicing and increasing its adoption in businesses and the public sector.
- It examines different e-invoicing models and government involvement, considering voluntary and mandatory approaches.
- Support needed for successful e-invoicing adoption and implementation is discussed.
- ATT supports the transition to e-invoicing, noting its potential benefits and the need for the UK to act to avoid falling behind.
- The UK should learn from other countries’ experiences and start with voluntary adoption, moving to a phased mandatory rollout.
- To encourage voluntary adoption, the government should reduce barriers, support SMEs with low-cost solutions, and work with software providers.
- A single e-invoicing standard aligned with international frameworks like PEPPOL is recommended.
- Real-time reporting is not suitable currently; infrastructure development is a priority.
- Clear government communication and an e-invoicing roadmap with a long-term vision and realistic timelines are essential for business preparation.
Source: att.org.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
