’s Weblog

UK government still cool about e-invoicing and failing to capitalise on money funded by tax payers

Posted on: February 28, 2012

I attended my first UK e-Invoicing Advisory Group (UKeAG) meeting yesterday. It’s a body of experts, service providers and influencers looking to forge relationships with policy-makers within the UK government.

The intended outcome of a forged relationship is that the UK government catches up with governments like Denmark, US, Greece, Brazil and Mexico and start requesting, even mandating e-invoicing amongst their own suppliers.

The ripple out effect of this is that e-invoicing will become an ‘no-brainer’ project for multinationals and SMEs across the nation. It will become an obvious business-move for British based businesses.

The issue the UK faces as a nation is that the government is just not beating the e-invoicing drum.

We see pockets of adoption in the UK public sector with parts of the NHS and councils.

But is this ‘bottom up’ approach working?

So far the UK’s volume of electronic invoices is ‘average’.

Nigel Taylor, a spokesperson for the UKeAG, said that if the UK government embraced e-invoicing, it would be looking at savings of £3 billion per annum.

If e-invoicing was encouraged, better still mandated, by the UK government, a whole swathe of the country’s paper invoices would disappear.

What does this mean to you as businesses? It means you’ll trade with your trading partners in an environmental, economic, efficient way which results in cost savings and cleaner processes.

And should the UK government embrace e-invoicing, what does that mean to you as a UK tax payer?

It means the tax you pay, which is hard-earned, is being spent in an intelligent, efficient way, which fails to be the case the longer the UK government remain cool about engaging in e-invoicing.

1 Response to "UK government still cool about e-invoicing and failing to capitalise on money funded by tax payers"

Suzie’s is an excellent analysis of the currently neglected opportunity to save government money while improving support to suppliers to the public sector.CG

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