Small Businesses: Billing

Department for Business, Energy and Industrial Strategy written question – answered on 29th November 2022.

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Photo of Virendra Sharma Virendra Sharma Labour, Ealing, Southall

Whether his Department plans to take further steps to help tackle late invoice payments to small businesses.

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

We are tackling the culture of late payments with measures including Payment Practices Reporting, the Small Business Commissioner and Prompt Payment Code. Government is setting an example: the Cabinet Office Procurement Bill will ensure 30-day payment terms in contracts throughout the public sector supply chain.

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