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Research & Analysis Published 19 Sep 2024 Department for Business and Trade ↗ View on GOV.UK

Late payments research: performance and practices across business

Research looking at what causes late payments between businesses, and how this affects payment performance and practices across businesses of different sectors and sizes.

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The research considers:

  • what the main drivers of late payment are
  • how payment practices vary between businesses in different sectors, and of different sizes
  • how businesses negotiate and how standard payment terms are decided
  • what payment methods businesses use
  • how businesses could improve their payment behaviours
  • what support could be usefully offered by government