Department for Business and Trade written question – answered at on 27 July 2023.
Lord Taylor of Warwick
Non-affiliated
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.
The Earl of Minto
Minister of State (Department for Business and Trade)
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.
Yes1 person thinks so
No1 person thinks not
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