The Global Finance and Tax digitalisation landscape is rapidly advancing with the development and deployment of e invoicing and other artificial intelligence based systems and software. We are at the point of no return where the E2E digitalisation and automation of the VAT and GST function is becoming a reality. Gone are the days of complex manual adjustments on spreadsheets and non-transparent system to system interfaces especially with the advance of software such as Alteryx and cloud base Data Lake solutions such as Snowflake, Databricks and Amazon .

The UK government has announced that the electronic procurement system Peppol will be the core interoperability network for e-invoicing in the UK. This will give software developers and taxpayers an indication of the direction of travel for our work towards the e-invoicing mandate in 2029, enabling them to begin planning their product development and rollout of e-invoicing. The government will continue to engage with stakeholders regarding the role of legacy systems which cannot interoperate in the future system.