Embracing e-invoicing

The digital transformation of financial processes is accelerating worldwide and one of the most impactful changes on the horizon is the global shift to e-invoicing. This isn’t just a minor operational update; it represents a significant overhaul of how businesses interact with their trading partners streamline compliance and report to tax authorities. Recognising the potential for increased transparency and efficiency governments are increasingly mandating e-invoicing to standardise and simplify the way businesses issue and receive invoices.

In September 2024 the UK government joined this global push announcing its intention to launch a consultation on e-invoicing to promote its wider use across UK businesses and governments. The move signals a strong commitment by the new government to modernising business operations across the UK and ensuring the tax system can support a digital-first economy. Previous UK governments implemented the EU directive on electronic invoicing in public...