- The UK government will make e-invoicing mandatory for VAT invoices by 2029, following strong support in a recent consultation.
- Benefits cited include faster processing, fewer errors, lower admin costs, and improved cash flow.
- Concerns from smaller businesses include software upgrade costs, training needs, system compatibility, and whether the benefits justify the investment for micro-businesses.
- A detailed implementation roadmap will be released at Budget 2026, with a gradual, supported transition and collaboration with software providers.
- Businesses are encouraged to start preparing by reviewing their invoicing systems and learning from other countries’ e-invoicing experiences.
Source: wts.cn
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.
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