Threads / Prompt payment and cash flow review
Policy Paper Published 8 Mar 2024 Department for Business and Trade Small Business Commissioner ↗ View on GOV.UK

Prompt payment and cash flow review

This review scrutinises existing prompt payment policy and sets out actions that government will take forward to improve payment times in the UK.

↓
Attachments
▤ Verbatim text from source document

This review scrutinises existing prompt payment policy and sets out actions that government will take forward to improve payment times across the UK.

We have focused on 4 main areas where we believe targeted policy measures can make an improvement to UK payment times:

  • increasing transparency
  • a more active enforcement approach
  • better access to information
  • instilling a stronger payment culture

As part of the prompt payment and cash flow review, we launched a public consultation of the payment practices reporting regulations.