Federal Govt looks to accelerate adoption of Peppol e-invoices

The
Commonwealth Treasury has begun consultations on options to accelerate the
take-up of electronic invoicing by businesses and other commercial entities.

Having
adopted the Peppol framework as the national standard for e-invoicing in 2018,
the Federal Government recently mandated all its agencies to adopt e-invoicing
by 1 July 2022.

The state
and territory governments, and local councils, are being encouraged to follow
suit.

Treasury
says there are significant productivity and cost-efficiency benefits for
businesses if e-invoicing is adopted more widely – and it has cited estimates
by Deloitte Access Economics that each time an e-invoice replaces a paper
invoice the businesses involved can save up to $20.

For practical steps on how councils can upgrade their invoicing processes in line with the Commonwealth efforts, watch the webinar produced by Local Government Professionals Australia and the Australian Taxation Office.

To learn
how to connect to the network, contact an accredited e-invoicing service
provider or the e-invoicing team at the PeppolPanel@ato.gov.au. 

Click here for more information about Treasury’s consultation process, or email e-Invoicing@treasury.gov.au