Will transparency of payment terms change corporate behaviour?


Would the behaviours of big business change if they were forced to report on how they paid their suppliers? Well we don’t have very long to find out as in 2016 new payment terms regulations comes into force which will require all quoted companies and LLP’s to do exactly that. Under the new rules, large companies will be required to disclose: payment terms average time taken to pay proportion of invoices paid beyond agreed terms proportion of invoices paid in 30 days or less between 31 to 60 days beyond 60 days any late payment interest owed and paid whether…