Posted on 25/10/2016 by Anthony Jackson
From April 2017, a large number of companies may be required to report quarterly on their supplier payment practices. The aim of the draft regulations is to identify those companies who may be clogging up the supply chain and causing cash flow problems for the suppliers they contract with. As it stands, the regulations currently exclude certain companies. The extent of these exclusions will not be clear until the final version of the regulations is published.