U.K. Seeks Views on Plan to Start Corporate Tax E-Invoicing

The U.K. is seeking input from affected companies on its plan to expand its e-invoicing requirements to corporate tax.

The proposal builds on Her Majesty’s Revenue and Customs’ effort called Making Tax Digital, which currently applies only to value-added tax receipts.

• HMRC believes its digitizing efforts so far—where taxpayers provide electronic accounts to the tax office in real-time—have led to an additional 5 billion pounds ($6.6 billion) of tax revenue a year.
• The consultation asks stakeholders if there are benefits to a group nominating a single-entity report or whether ...