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431608
star this property registered interest false more like this
star this property date less than 2015-11-23more like thismore than 2015-11-23
star this property answering body
Department for Business, Innovation and Skills more like this
star this property answering dept id 26 more like this
star this property answering dept short name Business, Innovation and Skills more like this
star this property answering dept sort name Business, Innovation and Skills remove filter
unstar this property hansard heading Business: Billing more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of the Prompt Payment Code on (a) UK businesses in the FinTech sector and (b) other businesses. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 17357 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-11-30more like thismore than 2015-11-30
star this property answer text <p>The Prompt Payment Code is a voluntary code which organisations from the public, private and third sector can sign up to. The Government monitors a variety of sources to monitor the level of late payment debt. We are not able to assess the direct effect of the Prompt Payment Code on any individual sector.</p><p>New transparency measures will allow us to monitor the payment performance of signatories. Through powers in the Small Business, Enterprise and Employment Act 2015 the Government will introduce a new reporting requirement on the UK’s largest companies – including many Code signatories - to report on their payment practices and performance. We plan to introduce this next year, and the Code will make full use of this new information. From next year small and medium-sized Code signatories will also report on their payment performance directly to the Code. Small and medium-sized companies will report, on an annual basis, on a comply or explain basis.</p> more like this
star this property answering member constituency Broxtowe more like this
star this property answering member printed Anna Soubry more like this
star this property question first answered
remove filter
star this property answering member
3938
star this property label Biography information for Anna Soubry more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this