The Department of Business, Energy and Industrial Strategy are asking businesses to complete a survey to gather evidence to what more the government can do to create a responsible payment culture.
In 2017, the amount owed to smaller businesses in late payments more than halved from the previous 5 years. However, the government understands the need to go further to tackle unfair payment practices, and that the level for SMEs remains too high.
Please take a moment to complete the form at the link below that will gather the following information:
- the current experiences of businesses in their payment practices
- the impact of existing measures to improve payment practices and what more can be done to further refine measures and promote good practice
- whether new measures should be introduced to further encourage a responsible payment culture