Billing: Digital Technology
The question
To ask the Secretary of State for Business and Trade, what discussions he has had with Cabinet colleagues on the potential merits of introducing e-invoicing.
Answered by Gareth Thomas
Business adoption of digital technologies such as e-invoicing can offer benefits that include reduced administrative burdens and fewer data processing errors. This can lead to increased productivity, improved payment times, and streamlined tax administration and collection.
However, we recognise the need to think carefully about introduction of any e-invoicing requirements or standards, especially for smaller businesses who might find this to be an additional burden. We recently ran a 12 week consultation jointly with HMRC, to gather views on promoting e-invoicing in the UK. The Government will publish a summary of responses and provide an update on next steps in due course.
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