3 March 2025
HMRC and the UK Department for Business & Trade have launched a 12-week public consultation on standardising and possibly mandating B2G (Business to Government) and B2B e-invoicing.
By introducing e-invoicing, HMRC hopes to significantly reduce administrative burdens for businesses, improve cash flow, boost productivity, enhance automation, and minimise tax return errors. They hope to generate cost savings for businesses and address the UK’s £8.2 billion VAT Gap.
The consultation will collect feedback from businesses on how HMRC can support investment in and encourage the use of e-invoicing.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
Several member states are proposing the introduction...
Several EU countries, including Belgium, France, the Netherlands, and Romania, are proposing the introduction of a national handling fee on low‑value...
SEE MORE
LATEST NEWS
Reminder: Bulgaria joined the Eurozone on 1 January...
From 1 January 2026, Bulgaria has adopted the euro as its official currency. The country has been preparing for this transition since joining the European...
SEE MORE
LATEST NEWS
EU to remove the customs duty exemption for “low...
Currently, imports valued at €150 or below can be imported duty free into the EU. However, the European Union has reached an agreement to abolish this...
SEE MORE