The United Kingdom’s Commercial Payments Bill will cap payment terms at 60 days and introduce 8% interest on late payments, while the e-invoicing mandate requires all VAT-registered businesses to exchange structured invoices over Peppol by 1 April 2029. Both measures aim to tackle the £11 billion annual cost of late payments, but the article argues that e-invoicing alone is insufficient without process improvements.
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Mayer Brown · about 3 hours ago
United Kingdom: HMRC has updated its VAT Input Tax Manual and Notice 700/17, affecting how employers and trustees recover VAT on pension scheme services. The changes remove the 30/70 split rule and tripartite contract guidance, and clarify that employers must contract directly for services to recover VAT.
The Carer · 1 day ago
The UK will require all businesses, including care providers, to issue invoices electronically from the April 2029 tax year. The mandate aims to replace paper-based invoicing with machine-readable, structured data to improve accuracy and efficiency. Care homes stand to gain automation, better visibility and stronger compliance through this shift.
LinkedIn · 2 days ago
The United Kingdom will introduce mandatory e-invoicing from April 2029, as discussed in a panel on the upcoming framework. The panel will cover the government roadmap, Peppol's role, and practical steps for businesses to prepare.
Casino.org · 2 days ago
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Scottish Financial News · 2 days ago
Scotland: Charities urged to plan early for VAT as the Capital Goods Scheme threshold rises from £250,000 to £600,000 from 29 July 2026. The change reduces the number of projects requiring decade-long monitoring, easing administrative burden for charities and third-sector organisations.
Anota · 5 days ago
The UK’s e-invoicing mandate will become mandatory for VAT-related B2B and B2G transactions from April 2029, requiring structured, machine-readable invoices. HMRC confirms existing VAT invoice requirements remain, but transmission and validation will change. Early preparation is advised to avoid data challenges and ensure compliance.
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Key Takeaways
All VAT-registered businesses in the United Kingdom must exchange structured invoices over Peppol by 1 April 2029, as required by the UK e-invoicing mandate.
From 21 July 2026, the Commercial Payments Bill introduces mandatory interest at 8% above the Bank of England base rate on late payments in the United Kingdom.
Since 1 January 2026, large companies in the United Kingdom must publicly report the proportion of invoices settled within 30 days, between 31 and 60 days, and beyond 60 days.
From 21 July 2026, the Commercial Payments Bill gives the Small Business Commissioner in the United Kingdom stronger investigative and enforcement powers over late payments.
Primary source
Read the full article at TradeshiftThis summary was published on VATfaqs.com on 30 July 2026. It relates to VAT developments in United Kingdom. The original source is Tradeshift.
