Corporate report

Prompt payment and cash flow review

This review scrutinises existing prompt payment policy and sets out actions that government will take forward to improve payment times in the UK.

• From: Department for Business and Trade and Small Business Commissioner
• Published: 22 November 2023
• Last updated: 8 March 2024 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

Documents

Payment and cash flow review report

PDF, 583 KB, 31 pages

Statutory review of the Small Business Commissioner response to views and evidence

HTML

Reporting on payment practices and performance regulations: final stage impact assessment

PDF, 374 KB, 30 pages

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Details

This review scrutinises existing prompt payment policy and sets out actions that government will take forward to improve payment times across the UK.

We have focused on 4 main areas where we believe targeted policy measures can make an improvement to UK payment times:

• increasing transparency
• a more active enforcement approach
• better access to information
• instilling a stronger payment culture

As part of the prompt payment and cash flow review, we launched a public consultation of the payment practices reporting regulations.

Published 22 November 2023
Last updated 8 March 2024 + show all updates

1. 8 March 2024

   Paragraph added to the executive summary of the impact assessment to explain why the document hasn’t received RPC scrutiny.

2. 22 November 2023

   First published.