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Limited SME Adoption and Understanding of E-Invoicing Despite High Familiarity Rates, HMRC Study Finds

  • Only 59% of SMEs are familiar with e-invoicing, with higher awareness among medium-sized businesses and lower in manufacturing and construction sectors.
  • Despite familiarity, only 29% of SMEs use e-invoicing, with more medium-sized companies adopting it than smaller ones.
  • Most SMEs still use PDFs or emails for invoicing, with paper or physical mail as the second most common method.
  • Only 5% of SMEs do not use any accounting software, with Sage being the most popular among users.
  • Further qualitative research will be conducted to better understand SME perceptions of e-invoicing.

Source: rossmartin.co.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.



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