“We are pleased that the government has initiated a consultation on e-invoicing. As well as providing a significant opportunity to reduce the tax gap, there are clear long-term benefits of e-invoicing for businesses, including reduced administrative costs and improved cash flow.
“However, implementing e-invoicing can involve a substantial investment in time and money, particularly for SMEs. That’s why we’re encouraged by the government’s approach to addressing these challenges through consultation.
“We look forward to collaborating with the government throughout this consultation process and strongly encourage businesses to participate and share their insights.”
ENDS
Notes to editors:
- Read about the government’s open consultation: Promoting electronic invoicing across UK businesses and the public sector.
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