Confidence building will be key to take-up of e-invoicing

HMRC will need to prioritise the effective implementation of e-invoicing if it is to drive its adoption among UK businesses says the CIOT in its submission to the recent consultation.

The institute stresses that building confidence in e-invoicing depends on effective delivery grounded in detailed consultation co-creation rigorous testing and thorough post-implementation evaluation.

The CIOT has recommended that any e-invoicing software should be built to flexible agreed minimum standards that accommodate variations in invoicing requirements in tax legislation while ensuring clear expectations around operability security and data accessibility for taxpayers.

The institute supports e-invoicing said Ellen Milner CIOT director of public policy but if the UK government wants more businesses to adopt it without mandating its use HMRC will need to consider ‘a package of options to encourage voluntary adoption. This may include an...