Small Businesses: Billing

Department for Business, Energy and Industrial Strategy written question – answered on 16th March 2018.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (International Trade)

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the oral contribution of hon. Member for Burton of 13 March 2018, what plans he has to ensure that signatories to the Prompt Payment code comply with the requirements of the code.

Photo of Andrew Griffiths Andrew Griffiths Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Chartered Institute of Credit Management (CICM) administer the Prompt Payment Code on behalf of the Department for Business, Energy and Industrial Strategy (BEIS). If suppliers believe that a signatory has breached the principles of the Code, they can raise a complaint with CICM who will investigate further on a case by case basis. At Spring Statement, my Rt hon Friend the Chancellor of the Exchequer announced that BEIS will lead on a call for evidence; this will consider evidence to ensure unfair payment practices are eliminated for small business.

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