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Business: Billing

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Question for Department for Business, Innovation and Skills

UIN 40643, tabled on 14 June 2016

Question

Henry Smith
Conservative
Crawley
Commons

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

Answer

Anna Soubry
Conservative
Broxtowe
Commons

Answered on

27 June 2016

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.

Answered by

Department for Business, Innovation and Skills