Written Question·Department for Business and Trade·UIN 61992
Small Businesses: Billing
Tabled: 23 June 2025
Answered: 1 July 2025
Question
Victoria Collins
Liberal Democrat — Harpenden and Berkhamsted
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of e-invoicing on (a) payment times and (b) cash flow management for SMEs.
Answer
Gareth ThomasThe Government is committed to tackling late payments, which can cause cash flow issues for SMEs. In September 2024 we announced measures including a new Fair Payment Code, legislation requiring large companies to report headline payment performance data ...
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