November 10th, 2017 / Insight posted in Brochures

Reporting of payment practices and performance

On 6 April 2017, new regulations came into force which require large UK companies and LLPs to report to the government on a half-yearly basis on their payment practices. The information must be published through an online portal provided by the government within 30 days of the end of each six month reporting period, and will be available to the public. The report must contain detailed information covering a wide range of areas and must be approved by a named company director or, for LLPs, a designated member.