Small Businesses: Billing

(asked on 20th June 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what criteria will need to be met for the Small Business Commissioner to fine businesses for late payments to small medium enterprises; and how much those fines will be.


Answered by
Kelly Tolhurst Portrait
Kelly Tolhurst
This question was answered on 26th June 2019

The Government Response to the recent Call for Evidence on Creating a Responsible Payment Culture, published on the 19 June, sets out that we will be consulting on the merits of strengthening the Commissioner’s ability to assist and advocate for small business in the area of late payments.

This will include seeking views on sanctions, including but not limited to financial penalties. It is important that we consider views through public consultation before awarding the Commissioner new powers.

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