Late payment (commercial transactions): provisional common framework
How the UK government and devolved governments propose to work together on late payment (commercial transactions) policy.
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The Late Payment Common Framework covers policy previously covered by EU legislation designed to protect businesses against late payment in commercial transactions.
This framework has been developed collaboratively by the:
- UK government
- Scottish Government
- Welsh Government
- Northern Ireland Executive
It aligns with the Common Framework principles agreed at the Joint Ministerial Committee on EU Negotiations (JMC(EN)).
This non-legislative agreement formalises ways of working between the 4 governments on late payment (commercial transactions) policy. Its purpose is to facilitate multilateral policy development through establishing governance arrangements and setting out commitments for ways of working.