Prompt Payment Code Halves Payment Times to SMEs

As of 1 July 2021, large firms signed up to the Prompt Payment Code will have to pay small businesses within 30 days.  Failure to do so could result in the firm being suspended from the code. Large businesses will have to pay 95% of invoices to firms with less than 50 employees within 30 […]

Reforms to Prompt Payment Code Should Mean Freelancers Get Paid Quicker

An overhaul of the Prompt Payment Code (PPC) to crack down on delayed invoices owed to small businesses has been announced by the government.  Under new reforms, companies that have signed up to the Prompt Payment Code will be obliged to pay small businesses within 30 days – half the time outlined in the current […]