uk iconUK

 

 

 

Tougher action planned on late payment

The government is consulting on plans to give the Small Business Commissioner (SBC) more powers to resolve late payment issues, including the ability to launch investigations and impose fines.

Tougher action planned on late payment
smsfadviser logo

Currently £23.4bn of late invoices are owed to small firms across Britain, impacting on businesses’ cash flow and threatening their survival during the Covid-19 pandemic.

Read more at the Accountancy Daily.

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox