Large companies could be fined for paying suppliers late
Source: BBC
Paul SeddonPolitical reporterMaskotLarge companies that persistently fail to pay their suppliers on time could face fines under government plans to help smaller businesses. Draft proposals unveiled on Thursday would also limit invoice terms to a maximum of two months, dropping to 45 days in five years' time.Business Secretary Jonathan Reynolds unveiled the plans alongside research blaming late payments for the…
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