Small businesses welcome tough new laws on late payments - Images magazine Small businesses have welcomed new laws to tackle late payments including a 60-day cap, mandatory interest and fines for the worst offenders

Small businesses have welcomed new laws to tackle late payments including a 60-day cap, mandatory interest and large fines for the worst offenders.
imagesmag.uk/late-fines

#LatePayments #SmallBusinesses #SmallBusinessCommissioner

EU policies must recognise #SMEs role in the #SingleMarket and work in practice - Mr Galli in exchange with EVP Séjourné

➡️ Industrial Act must benefit #SMEs in supply chains
➡️ Cut fragmentation & complexity
➡️ Keep rules proportionate
➡️ Improve #publicprocurement & tackle #latepayments

How to Standardize Your Invoicing SOP in 7 Days Your business can’t afford to have a disorganized approach to invoicing. You’ll have to deal with late payments and mistakes that could cost you customers. Instead, it’s important to create a consistent invoicing SOP (Standard Operating Procedure) so you can use your time more efficiently and present yourself more professionally.  You don’t need to overhaul […] The post How to Standardize Your Invoicing SOP in 7 Days first appeared on Flowster.

How to Standardize Your Invoicing SOP in 7 Days: Your business can’t afford to have a disorganized approach to invoicing. You’ll have to deal with late payments and mistakes that could cost you customers. Instead, it’s… #Invoicing #BusinessEfficiency #SOP #StandardOperatingProcedure #LatePayments

🤔 @businesseurope.bsky.social champions “contractual freedom” to fight the EU’s 30-day payment term proposal — yet it’s also pushing for a CSRD value-chain cap that limits what big firms can ask of suppliers.

So… how fundamental is that “freedom” really?

#LatePayments #CSRD #omnibus

Late Payment: Status quo is not acceptable “The persistence of late payment across Europe continues to harm SMEs, and the situation is only getting worse”, deplored Jesper Beinov, SMEunited Legal Affairs Committee Chair. Despite the European C...

#Simplification saves #SMEs from chasing #LatePayments, and competitiveness ensures liquidity to grow. Ensuring timely payment supports both - @jesperbeinov.bsky.social at #SMEAssembly2025.

63% of businesses support a cap on payment terms.

More ⤵️

Deadline is THIS WEEK!

#LatePayments #SmallBusiness #Freelance

Join us on 15 Oct for techUK’s members-only drop-in with the new Small Business Commissioner, Emma Jones CBE. Share your challenges, hear plans on late payments & how tech can help.👉 orlo.uk/Xa91I

#SMEs #TechPolicy #LatePayments #SmallBusiness

A person holds a "Past Due" notice; banner text discusses a government consultation on addressing late payments affecting local businesses, with logos for GOV.UK and Omagh Enterprise.

Too many small businesses in Omagh are being left unpaid or waiting too long. A new consultation is open to fix the system.

🗓 Deadline: 23 Oct
📍Share your views now: bit.ly/4fuSDMy

#LatePayments #SupportSmallBusiness #OmaghBusiness

Small business leaders back late payments crackdown - Images magazine Federation of Small Businesses (F) and Small Business Britain have backed plans for legislation to crack down on late payments

Organisations representing small business owners have welcomed plans for legislation and stronger enforcement to crack down on late payments.

imagesmag.uk/small-late

#LatePayments @fsb-uk.bsky.social #SmallBusiness #SmallBusinesses #GarmentDecoration

Government's 'toughest crackdown' on late payments under new rules

Prime Minister Sir Keir Starmer has said "it's time to pay up" as the government unveils its Small Business Plan in bid to support small businesses and tackle late payments.

More details here.

#retailnews #businessnews #latepayments

Time to pay up: Toughest crackdown on late payments in a generation unveiled in plan to back small businesses UK Government unveils its Small Business Plan to support SMEs across the country

12 years after my #SmallBusiness #LatePayments inquiry & 7 years after my Bill to stop late payments, this #Labour Government is introducing legislation to stop this abuse which costs small businesses over £11bn a year.

Companies who pay suppliers late to be fined Sir Keir Starmer said "it's time to pay up" as late payments cost the UK economy £11bn a year and shut down 38 businesses a day.

The UK Government planned to do this in the 1990s, but Michael Heseltine - a late-payer himself - stopped it from going through.

#LatePayments

UK launches strict late-payment crackdown for big firms A sweeping set of late-payment laws will soon apply to UK corporates. New 45-day payment caps and multi-million-pound fines for repeat offenders are now set to reshape supplier relationships and boardroom behaviour, amid calls for greater corporate accountability and overdue relief for small businesses.

UK unveils toughest late-payment laws in G7 — 45-day cap, audit oversight, steep fines. £11bn lost yearly to late payments; 61% of SMEs impacted. #UKBusiness #SMEs #LatePayments

Late Payments - EuroCommerce The voice of Retail and Wholesale in Europe

📢 As the @EUCouncil meets today, we need a solution to late payments that:
✅ Preserves contractual freedom ✅ Values business relationships ✅ Avoids over-regulation

🔗 eurocommerce.eu/late-payments/
#LatePayments

👉 #business #enterprise #latepayments

PPN 021: Payment Spot Checks in Public Sub-Contracts This PPN sets out how contracting authorities can spot check their public contract supply chains to ensure suppliers meet the payment terms in the Procurement Act 2023

💡 This was an FSB recommendation to make sure all large companies in the procurement supply chain pay their suppliers within 55 days, or face being barred from major Government contracts.

More here 🔗 www.gov.uk/government/p...

#LatePayments #Procurement #SmallBusinesses

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Hace unos días, le hice una pregunta al Vicepresidente Séjourné sobre la normativa de morosidad y los pagos tardíos.

Europa necesita reglas más claras, plazos más estrictos y mecanismos de control que realmente funcionen. No podemos seguir mirando hacia otro lado.

#Morosidad #LatePayments #PYMEs

Ever happen to you? #latepayments

𝟱 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗳𝗼𝗿 𝗧𝗮𝗰𝗸𝗹𝗶𝗻𝗴 𝗟𝗮𝘁𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀

1. Clear Payment Terms
2. Incentivize Early Payments
3. Automated Reminder
4. Flexible Payment Option
5. Establish a Late Fee Policy
#BusinessTips #LatePayments #CashFlow #Invoicing

The scourge of late payments in business #business #growth #latepayments

The graphic says: "GOOD BUSINESS FORTNIGHT: 3rd to 14th February 2025. Timely Tuesday"

⏰ Today is Timely Tuesday - part of Good Business Charter's #GoodBusinessFortnight.

💡 With the majority of SMEs having experienced late payments, it's vital that poor payment practices are tackled to support long-term, sustainable small business growth.

#LatePayments #SmallBusinesses

Why did we create Bill360? Because we wanted to prevent B2B companies like yours from losing hundreds of thousands per year to late payments.

Learn more here: hubs.la/Q02-y25R0

#Bill360 #B2B #LatePayments

British Tradespeople Owed £3.5 Billion in Late Payments this Christmas - Roofing Today BILLIONS of pounds in late payments are owed to tradespeople across the UK, according to new research from Ford Pro.

Billions of pounds in #latepayments are owed to #tradespeople across the UK, according to research from Ford Pro. Delayed or missing payment was reported as the major issue facing sole traders heading into 2025.

roofingtoday.co.uk/british-trad... #roofing #construction

WHO HAS LATE PAYMENTS ??🤨
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DID YOU KNOW…
Having a LATE PAYMENT on ur report can drop ur credit score 50 to 150 points & most lenders won’t approve you for nothing! I got good news for u 😊 I can help you remove ur late payments & increase your score tremendously! #latepayments #credit