The government has launched a 12-week e-invoicing consultation and businesses are being invited to have their say.
Electric invoicing, or e-invoicing, is the digital exchange of invoice information directly between buyers and suppliers.
The proposals are expected to help businesses to:
- save time and money
- speed up payments
- get their taxes right the first time
- reduce invoicing and data errors
- improve the accuracy of VAT returns
- close the tax gap
UK businesses and stakeholders are being urged to comment on the ‘Promoting electronic invoicing across the UK businesses and the public sector’ consultation by the 7th of May 2025.
James Murray, Exchequer Secretary to the Treasury, said, “As part of the Prime Minister’s Plan for Change, we have begun our work to transform the UK’s tax system into one that is focused on helping businesses and the economy to grow.
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“E-invoicing simplifies processes, reduces errors and helps businesses to get paid faster. By cutting paperwork and freeing up valuable time and money, it will help improve firms’ productivity and their ability to grow and succeed.”
Gareth Thomas, Minister for Services, Small Business and Exports, said, “Small businesses are at the heart of our economy and vital to our growth mission. The potential of digitising taxes, speeding up payments and streamlining administrative tasks will provide real benefits to the economy, supporting smaller firms and boosting growth.
“This is why we want to make sure e-invoicing works for SMEs because cash flow can make all the difference between staying afloat or going under.”
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