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
-
Income sharing trouble for separated couple
After a couple separated one spouse received income from letting the property she jointly owned with her estranged spouse. HMRC taxed all the income on her. Was it right to do so or should her spouse have been taxed on half the income?
-
How to handle workers aiming to "Slide Away" to an Oasis Concert
The Oasis Live ’25 UK reunion tour starts in Cardiff on 4 July 2025 and concludes in London on 28 September 2025. With ticketless fans keen on obtaining last-minute tickets and ticketed fans eager to get to the gig for when the gates open, this could have an impact on staff productivity and timekeeping. How can you tackle these issues?
-
Is getting your business to pay tax efficient?
You were recently involved in an online discussion about the tax consequences of putting the cost of a celebratory meal for the business owners and staff through the firm’s books. Will doing so save or increase tax overall?