Consultation launched aimed at giving Small Business Commissioner more power to support businesses and resolve late payment issues.

New proposals have been outlined by the UK Government to ensure small businesses in the UK are paid on time. 

The consultation seeks views on the merits of:

  • strengthening the Small Business Commissioner’s ability to assist small businesses by providing them with effective mechanisms for redress, in respect of late payments
  • proposed new powers include ordering businesses to pay in good time and issuing fines if they do not, ordering companies to share information on payment practices and the power to launch investigations

You can respond to the consultation here and the closing date for the consultation is 24 December 2020.

For further information please visit the GOV.UK website.

Share this page

Print this page