Late payments are a ‘growing challenge’ for 1 in 4 SMEs
Businesses report problems with regulations and customer demand.
Large businesses penalised for late payments
18 companies suspended from the prompt payment code.
3 in 4 firms support auto-enrolment extension
Businesses say higher contributions will be needed in the future.
New measures to prevent late payments
Large businesses could be fined for poor payment practices.
Government urged to set date for audit reform
BEIS committee says ‘clear timescale’ is needed.