Business: Billing
(asked on 13th February 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what proportion of businesses who have signed up to the Prompt Payment Code have their standard payment terms listed on the Prompt Payment Code website.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 26th February 2020
Data provided by the Chartered Institute of Credit Management states that 53% of Code signatories (1,317 of the 2,472) have provided their standard payment terms for inclusion on the Prompt Payment Code website.