E-invoicing directive imminent
Companies will be forced to accept electronic emailed invoices when a European directive comes into force on 1 January.
Companies will be forced to accept electronic emailed invoices when a European directive comes into force on 1 January.
Link: KPMG to offer e-invoicing
The directive will hit small companies hard, as the majority tend to prefer to stick to more traditional paper-based methods.
A spokesman for the Federation of Small Businesses told the Financial Times that the body would prefer the EU to force large suppliers pay their bills on time, rather than introduce the rules.
‘A lot of businesses in the UK don’t know whether they will be around for more than three years, so they prefer traditional systems that provide written proof of payment,’ the spokesman said.
‘There is also still a lack of confidence in electronic systems given the fears of hacking, viruses and spam.’
For more information on the directive, read the proposals here.
The numbers you crunch tell a story. Your expertis...
20yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article