Payment Practices Reporting Guidance

When exploring payment practicesreporting guidance, it's essential to consider various aspects and implications. Business paymentpractices and performance: reporting requirements. Find out if your business needs to publish reports - Payment practices .... Large companies and large limited liability partnerships (LLPs) may have to report on their payment terms and practices. A large business is a company or limited liability partnership that...

Payment practices reporting – updated guidance and further measures to .... The guidance contains detail on who needs to report, what needs to be reported and where the information needs to be reported, as well as a set of frequently asked questions. The example reporting scenarios in the guidance have been updated to provide further clarity and assistance. Duty to report on payment practices and performance guidance. This guidance is for companies and LLPs who must comply with the statutory reporting duty for payment practices and performance. This perspective suggests that, as shorthand, companies and LLPs are referred to as businesses throughout this document.

The Department for Business and Trade has updated its guidance on the requirement for large UK companies and LLPs to report on their payment practices, policies and performance. A full impact assessment was undertaken for the Reporting on Payment Practices and Performance (Amendment) Regulations 2024 (S.I. 2024/444), which is available on legislation.gov.uk.

Further update to DBT Guidance on supplier payment practices. New Payment Reporting Requirements - cfa.org.uk. This perspective suggests that, the guidance to the Reporting on Payment Practices and Performance Regulations has been updated to include the new reporting requirements on value of invoices paid and disputed invoices, which come into force from 1 January 2025.