The main agency may be made for payment for supply of supply

The government writes that thousands of enterprises have been raised annually, depending on delayed inspections.

Large companies can be paid fines to pay retailers

Governments who are unable to pay suppliers with timely salary for branches can be fined by governments to support government companies.

The draft proposals presented on Thursday will limit the terms of the invoice to a maximum of two months, which will fall to 45 days in five years.

Business Secretary Jonathan Reynolds presented research plans with late payments for the failure of thousands of companies in one year.

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The government is interested in the late 1990s, and marked the biggest suspicion of changes in the 1990s.

The estimated government that there is 1.5 million business affected by late and £ 26bn payment in any time.

This problem is a special problem for small businesses that usually have smaller money shares and are more influenced by the endeavor of late taxes.

When the plan revealed, Reynolds said the late payments was "a number of" a number of small businesses.

According to the new proposals to be made under a 12 -week consultation, the Little Business Commissioner, the position introduced in conservative in 2017, would become stronger than late companies.

The new authority will admit to companies with more than 250 employees.

Governmental policy papers say that companies will be responsible for a fine if they were not able to pay a quarter of the invoices in time in this six -month reporting window.

The fine should double the company's amount.

The government did not set the schedule of the laws required to implement the amendment, adding that it would be introduced as soon as the time of parliament is allowed.

New payment limits

The government has also shown that it will reduce the maximum time of supplier payment.

The current business account is usually paid within 60 days, although companies can ask for a long time if they are not reasonable. "

The Business Department stated that this release allowed some larger companies to effectively impose long -term payments for smaller suppliers who thought they had to agree to the contract.

Added that the ability to pay for the payment words for more than 65 days will be resolved "to communicate between small business and big business."

These Tekken 60 days limit is added within 45 days in five years and added to "improve business cash flow."

According to a Conservative SHODO Business Secretary Andry Griffith, the delay was struck with delay, but the business jobs affected the "red tape".

He also criticized the national insurance decision (ni) of employers, the wage tax, which with the budget of the "taxation tax of $ 25 billion of pounds".

Liberal democratus also criticized the growth of the nine, added that small companies were «bad».

Business spokesman Sarah Olney also said the government needs delivery."Appropriate plans" for the company, including "determine business prices and reduce high energy value in the sky"

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