| answer text |
<p>The Government launched the business-led Prompt Payment Code Advisory Board in
October 2014. Its remit covers exploring ways to promote awareness of the Code.</p><p>
</p><p> </p><p> </p><p>The Government and the ICM now plan to develop proposals to
ensure that signatories better adhere to the Prompt Payment Code’s principles in the
coming months.</p><p> </p><p> </p><p> </p><p>In addition, we are working to improve
the information available to small and medium sized businesses to help them identify
which customers are good payers and offer the terms that fit best with their business
model. Through the Small Business, Enterprise and Employment Bill we will take a delegated
power to introduce a prompt payment reporting requirement through secondary legislation.
This will require large and listed companies to publicly report on their payment practices.</p><p>
</p><p> </p><p> </p><p> </p><p> </p>
|
 |
