Have your say on e-invoicing
The government is seeking views on the standardisation of electronic invoicing. Why, and how can you join the consultation?
E-invoicing refers to digitally generated invoices between suppliers and customers. This is more involved than, say, generating a PDF from a manually typed document, and would usually be initiated via the accounting/bookkeeping software. The government is looking at the possibility of standardising e-invoicing, and has launched a consultation that will run until 7 May 2025. The stated aim of the consultation is to gather views - there are no planned short-term changes - and will cover the following areas:
- different models of e-invoicing
- whether to take a mandated or voluntary approach to e-invoicing
- what scope of mandate might be most appropriate in the UK and for businesses
- whether e-invoicing should be complemented by real time digital reporting.
Standardisation would mean the requirements for e-invoicing would need to be harmonised by common requirements. Currently, it may be possible to use e-invoicing for some suppliers/customers but not others due to differences between systems used. To submit your views, use the link above.
Related Topics
-
HMRC targets landlords using third-party data
HMRC has confirmed that it is using information received from third parties to identify landlords who may not have declared all of their rental income. The latest compliance campaign highlights the department's increasing use of data matching to tackle errors and omissions. What should landlords do?
-
P46 (car) deadline
-
Last date to submit overdue self-assessment tax returns