Spend Matters UK/Europe: Late Paying Firms – Database Goes Live

Spend Matters UK/Europe: Late Paying Firms – Database Goes Live. “Last year it became mandatory that most firms (there are exceptions) incorporated in England and Wales, with either a turnover of £36 million and above, or £18 million balance sheet, or employing 250 employees, publish payment practice reports twice a year. This ‘Duty to Report’ includes disclosing how long it takes the firm to pay suppliers’ invoices, their terms and practices…. Now, after some wait, the Government has published its web-based service from which all these reports can be searched and downloaded.”