Small Businesses: Billing
The question
To ask the Secretary of State for Business and Trade, what steps his Department plans to take to promote e-invoicing among SMEs.
Answered by Gareth Thomas
Many SMEs could benefit from digital tools like e-invoicing. E-invoicing can streamline invoicing processes and lead to increased productivity, improved payment times and easier tax administration.
However, we know that SMEs face several barriers to adopting new digital technologies, one of which can be a lack of clear information on benefits and software options. The SME Digital Adoption Taskforce has been considering how to best overcome these and will be publishing their final report in the Summer.
DBT and HMRC recently ran a joint 12-week consultation 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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