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<p><strong></strong></p><p><strong></strong></p><br /><p>The Government recognises
that late payment remains an important issue for small businesses in the UK and is
taking significant steps to assist small businesses to recover late payment debts.
This is part of a package of measures to tackle late payment. We have also legislated
for new transparency measures in the private sector.</p><br /><p>The Small Business
Enterprise and Employment Act 2015 legislated for a new reporting requirement on the
UK’s largest companies and Regulations will be introduced this year which will compel
larger companies to report on payment practices and performance. This information
will be published on a six-monthly basis and will be made publicly available.</p><br
/><p>Through the Enterprise Bill, currently before Parliament, we will legislate to
establish a Small Business Commissioner to give general advice and to help small businesses
resolve disputes relating to payment matters with larger businesses.</p><br /><p>Tackling
late payment is about creating a responsible payment culture where larger companies
recognise the benefit of having a sustainable and robust supply chain, and smaller
businesses feel able to challenge poor behaviour. Once implemented, the Government
is confident that these measures will lead to significant changes in the UK’s payment
culture.</p><br /><p><strong></strong></p>
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