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United Kingdom · Question · Written question

UIN 39739

Small Businesses: Billing

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 April 2020

Last action

5 May 2020 · Answer

Status

Answered

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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

  1. 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

  2. 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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