Ministers target late-paying corporates with £11bn crackdown plan

The Government has unveiled plans for the toughest late payment reforms in a generation, with new legislation aimed at protecting small businesses from delayed invoices and cashflow pressures.

The Small Business Protections Bill, formally known as the Commercial Payments Bill, would introduce a mandatory 60-day cap on payment terms for large companies dealing with smaller suppliers.

The legislation would also require firm... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...