Written Question·Department for Business, Innovation, Science and Trade ·UIN HL2758
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), in which scenarios the Secretary of State would consider adopting a business-size definition different to existing definitions.
Answer
For the purpose of exemptions to maximum payment terms under the Commercial Payments Bill, the Government will consider aligning with business size definitions in existing legislation. Definitions of business sizes will be set out in secondary legislation...
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