HMRC launch e-invoicing consultation

HMRC and the Department for Business and Trade (DBT) have jointly launched a 12-week consultation on electronic invoicing which the UK government hopes will reduce paperwork for businesses and enhance productivity. E-invoicing will be particularly relevant to VAT in terms of potentially improving the accuracy of VAT returns and reducing the VAT gap. The consultation closes on 7 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.

‘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 ’ Murray said.

HMRC point out that ‘failure...