Government to consult on late payment rules

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Companies that pay their suppliers late may be fined, the government has said.

Earlier in October, sister website BusinessZone reported that Prime Minister David Cameron said that he will consult on late payment rules later this year.

The consultation will consider late-payment issues including:

  • What can be done to increase transparency around which companies are...

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Nick Huber
Freelance journalist
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29th Oct 2013 21:43

HOPE THEY

Include HMRC in that review

 

 

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30th Oct 2013 09:56

Love the new HMRC logo!

It says it all.

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By Locutus
30th Oct 2013 10:04

Thanks Mouse
That's the funniest thing I've seen all week.

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31st Oct 2013 11:53

Thanks mouse as well

made me LOL

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By jonray
31st Oct 2013 13:56

Late Payment

I have a Customer who habitually pays late or not at all.  Like most SME,s  I have to put up with it because  Customers  are harder to find,  despite the slight upturn it will be along time before we can insist on 30 days and charge interest from that day. They know this and we Bank roll their business for up to 3 months.   Fining late payers as well as charging them Interest would probably help.  We have to pay our Suppliers on time and end up Overdrawn as a result.

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