New payment rule proposed

Posted on 23 Dec 2015
Share Blog Post
MPs call for 30 day supplier pay ruleMPs have said large firms should be legally forced to pay their small suppliers within 30 days. A report from the Business, Energy and Industrial Strategy Committee calls for firms to sign the Prompt Payment Code and give the Small Business Commissioner the power to fine companies that pay late. Committee chair Rachel Reeves said: “Unless the Government levels the playing field and acts to bring in a tougher regime for poor payment practices then we choke off the opportunity for SMEs to invest and grow in the future."

View more blog posts

NIC hammer blow
Posted on 23 Jun 2025
NIC hammer blow
read more
Youth mobility scheme
Posted on 21 May 2025
Youth mobility scheme
read more
Businesses unaware of MTD
Posted on 14 May 2025
Businesses unaware of MTD
read more
Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Back To Top
01604 660661