Companies: Billing

(asked on 13th July 2023) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government what steps they are taking to introduce additional legislative measures to encourage large companies to pay their small and medium-sized enterprises (SME) suppliers promptly.


Answered by
Earl of Minto Portrait
Earl of Minto
Shadow Minister (Defence)
This question was answered on 27th July 2023

We are currently undertaking a Payment and Cash Flow review, examining how Government and others can continue to improve payment culture in the UK and ensure we are supporting small businesses effectively on late payments. The review included a public consultation of the Reporting on Payment Practices and Performance Regulations 2017 and the Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017 (the Regulations). Responses to the review and publication will be published later this year.

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