Written Question·Department for Business, Innovation, Science and Trade ·UIN HL2754
Business: Billing
Tabled: 23 July 2026
Answered: 3 August 2026
Question
To ask His Majesty's Government, further to the remarks by Lord Leong on 21 July (HL Deb cols 1068-1070), whether they plan to review the 60-day maximum payment term for non-public authorities; and what plans they have, if any, to incentivise early paymen
Answer
Large businesses are required to publish payment data through the Payment Practices and Performance Reporting Regulations 2017. The effects and impact of the Commercial Payments Bill will be monitored following its implementation. Sixty days is a maximum,...
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