New regulations came into force on 6 April 2017 requiring large LLPs and companies to report on their payment practices and performance. Whilst compliance with the reporting obligations will be seen as an additional administrative burden, they could help improve the pan-industry issue of late payment.
In a Beale & Company first, Associate, Andrew Croft, has recorded a short video podcast in which he outlines the key aspects of the Reporting on Payment Practices and Performance Regulations 2017 and their practical implications. You can view the recording below. Do let us know if you find this useful.
If you are interested in more detail on the regulations we have also produced a briefing note which you can download below.
If you have any questions about any of the topics covered in the video or the note, please contact firstname.lastname@example.org.