02/02/2017
It's a move in the right direction to help small/medium sized businesses who struggle to get invoices paid within their terms. The UK Government has just announced measures to force large companies and limited liability partnerships (LLPs) from April 2017 to publicly report twice a year on their payment practices and performance, including the average time taken to pay supplier invoices. Failure to report will be a criminal offence. Time will tell if this helps!
Guidance to help large businesses report on how quickly they pay their suppliers will be published today (31 January 2017).