The Department for Business, Energy and Industrial Strategy has
published the Government's response to its consultation
on a "Duty to Report on Payment Practices and
Policies".
This sets out how the duty of large businesses to report on
payment practices under s.3 of the Small Business, Enterprise and
Employment Act 2015 is to be implemented. The response includes the
draft regulations.
The new rules will require large companies and large limited
liability partnerships to publish information about their payment
practices and performance twice a year on a government web service.
For these purposes this means companies that exceed two or all of
the following categories:
