Business: Billing
(asked on 24th January 2017) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty’s Government how the data to be provided by large firms under the draft regulations on the duty to report on payment practices and policies will be verified for accuracy.
This question was answered on 2nd February 2017
The information must be approved by a company director (or designated member of an LLP) before the large business publishes it. Suppliers using the information can raise any concerns about its accuracy with the Department for Business, Energy and Industrial Strategy, who will investigate. It will be a criminal offence to publish a report or information that is misleading, false or deceptive.