Business: Billing

Department for Business, Innovation and Skills written question – answered at on 27 June 2016.

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Photo of Henry Smith Henry Smith Conservative, Crawley

To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to tackle late payment of suppliers by businesses.

Photo of Anna Soubry Anna Soubry The Minister of State, Department for Business, Innovation and Skills

We are implementing a package of measures to support a cultural change to tackle late payment, including the Small Business Commissioner, the duty for large businesses to report on payment practices and support for the voluntary Prompt Payment Code. The Regulations to give effect to the duty to report will be laid for debate early in 2017.

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