E-invoicing is rapidly becoming the cornerstone of global trade and compliance. As years pass, more and more countries introduce mandates. But, even as the world moves together to embrace e-invoicing as the standard, there is significant disparity among the approaches countries are taking. The United States and the United Kingdom, for example, have vastly different approaches to their e-invoicing initiatives.
In the U.K., a potential shift is on the horizon. While no mandates exist yet, recent political developments signal a growing interest in e-invoicing as part of modernizing the tax system. Meanwhile, the U.S. faces significant barriers to mandating e-invoicing due to its decentralized tax structure, with industry-led initiatives like the Digital Business Network Alliance (DBNAlliance) offering a promising, albeit voluntary, pathway forward.
Read on to learn more about the U.K. and U.S. regulatory frameworks, adoption challenges, and future prospects to help you navigate these distinct e-invoicing environments.
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