The Department for Business and Trade are asking for input in how late payments are affecting your organisation.
Late payments can disrupt cash flows, prevent businesses from paying their bills, and even lead to business closures. Small and medium-sized enterprises (SMEs) are especially exposed to these issues, as they often have less cash in reserve to act as a buffer.
The Department for Business and Trade (DBT) is publishing this consultation which seeks views on a package of legislative measures aimed at addressing late payments, and ensuring businesses are paid fairly and on time.
This consultation follows on from the governments publication of the SME strategy last month.
The consultation closes on 23rd October and you can have your say here: https://www.gov.uk/government/consultations/late-payments-tackling-poor-payment-practices
