Small Businesses: Billing
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of e-invoicing for small businesses on productivity.
Answered by Gareth Thomas
This Government is committed to driving business productivity and economic growth in the UK. Adoption of digital technologies, such as e-invoicing, can significantly improve firm-level productivity by streamlining business processes and reducing administrative work and errors.
However, few small businesses use e-invoicing in the UK. Adoption of e-invoicing by SMEs in the UK is behind countries like France and Germany. This is why, as announced at Budget 2024, DBT and HMRC recently ran a 12 week consultation on promoting e-invoicing in the UK. We will be publishing a summary of responses and updating on next steps in due course.
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