United Kingdom · Question · Written question
UIN 39739
Small Businesses: Billing
Original
Introduced
24 April 2020
Last action
5 May 2020 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
5 May 2020
Summary
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to tackle late payments to small businesses.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
24 April 2020
Written question
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to tackle late payments to small businesses.
Source: Commons
5 May 2020
Answer
Legislation already exists under the Late Payment of Commercial Debts (Interest) Act 1998, which sets out that payment terms between two businesses should not exceed 60 days, unless they are fair to both parties. Additionally, suppliers can claim statutor...
Source: Written answer
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- · Department for Business, Energy and Industrial Strategy · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2020-04-24/39739
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1190126
- uk · wq-1190126 · source updated 5 May 2020