Payment Performance Reporting Requirements

The Government's proposed draft regulations on a duty for large businesses to report on their payment practices, policies and performance under the Small Business, Enterprise and Employment Act 2015

Published: May 2019
Pages: 3
BESA Product Code: LC 18

The duty to report will be mandatory and will apply to large UK companies and large LLPs which exceed the size thresholds set out in the Companies Act 2006.2 The thresholds for a business to qualify as ‘large’ are set out in section 465(3) of the Companies Act are as follows – In the year in which it is measured:

  • annual turnover more than £36 million
  • balance sheet total more than £18 million
  • more than 250 employees
Average Rating: (0 Reviews)
Questions & Comments (0)

Why join BESA?

Find out more about how BESA can help your business and the benefits available to members.

Read More

Find a BESA Member

Use our simple, fast member search function to find a BESA Member for your next project.

Read More

Why Use a BESA Member?

Find out why you should use a BESA Member for your next project.

Read More