Many European countries are actively reducing their VAT gap. This is the amount between VAT expected and VAT declared.
This means that governments are implementing mandatory electronic invoicing for full visibility of business invoicing activity.
To comply, your business needs an e-invoicing solution that connects to your government’s e-invoicing platform. With Banqup, this is easily done for you.
Using Banqup create e-invoices in second. Distribute them via our network and connect to your government platform. We’ll make sure you have all the right fields you need, in a format that ensures you comply.
April 2024: MTD for income tax applies to self-employed and property businesses with a gross income of over £10,000 a year
April 2025: MTD for ITSA applies to unincorporated partnerships that earn over £10,000 a year
April 2026: MTD for corporation comes into effect. Still to be confirmed.
Connect and send invoices to international networks such as Peppol and EESPA
Secure archive that automatically archives your documents for the UK’s minimum requirement of 7 years (from the end of the financial year it was issued)
With instant accountant access, your accountant can more easily make sure your invoices and processes are compliant
Banqup helps you become compliant with the connection to over 60+ global government tax platforms.
E-invoicing regulations may be mandatory, but e-invoicing also automates your processes and simplifies admin tasks.
Leave the tax compliance expertise to Banqup and spend your valuable time on your business.