Billing: Small Businesses

(asked on 19th January 2018) - View Source

Question to the Cabinet Office:

To ask the Minister for the Cabinet Office, how his Department monitors and enforces the Prompt Payment Code and regulation 113(2)(c) of the Public Contracts Regulations 2015.


Answered by
Oliver Dowden Portrait
Oliver Dowden
Shadow Deputy Prime Minister
This question was answered on 24th January 2018

The Prompt Payment Code is administered by the Chartered Institute of Credit Management. The Code is monitored and enforced by their Prompt Payment Code Compliance Board.

BEIS have recently introduced a payment reporting system, which requires large businesses to report on their UK payment practices and performance. Businesses must report 6 monthly on their payment performance starting with their first full financial year that starts on or after 6 April 2017.

Government departments publish their own payment performance data on GOV.UK. We encourage suppliers that have not been paid promptly to report the case to our Mystery Shopper Service, who will investigate on their behalf.

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