Payment code survey closing soon!
The Prompt Payment Code survey will be closing on 16 October 2020. Businesses are advised to complete the survey promptly if possible. This will help to improve payment practices across companies and organisations of all sizes.
The Department for Business, Energy and Industrial Strategy (BEIS) has set out some of the potential reforms (and their rationale) being explored here.
The results of the survey will inform the thinking of Business Minister Paul Scully, who is responsible for the policy on the Code, and the Small Business Commissioner Philip King, whose office is responsible for administering the Code.