Written Question·Department for Business, Innovation, Science and Trade ·UIN HL2760
Small Businesses
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 col 1078), whether businesses will be expected to determine their own size, and that of their business partners.
Answer
For the purposes of the Commercial Payments Bill there is no general requirement for businesses to establish their size or that of their partners. Certain categories of business, will be able to benefit from exemptions from maximum payment terms – on the ...
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