Business Regulation

New prompt payment rules take effect

Government suppliers must pay 95% of invoices in 60 days.

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Most small firms absorb the cost of wage increases

FSB says a “cautious approach” to the national living wage is needed.

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Large businesses penalised for late payments

18 companies suspended from the prompt payment code.

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New measures to prevent late payments

Large businesses could be fined for poor payment practices.

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Government urged to set date for audit reform

BEIS committee says ‘clear timescale’ is needed.

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FSB calls for late payment reforms

Poor payment ‘affects 80% of small businesses’.

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