New research shows that half of invoices issued by small businesses are paid late. Could stricter penalties and more transparency in regulation and reporting make a difference?
SMEunited has been advocating the correct payment terms for decades. Late payments endanger the continuity of SME activities. The report on the impact of faster payments in B2B relations, published today by the Joint Research Centre, underlines this statement. We ask the Commission to use this momentum to immediately launch the revision of the Late Payment Directive, announced by President von der Leyen at the State of the Union address.
Catherine Rickett, debt recovery manager, of Roythornes Solicitors, which has offices in Alconbury Weald and Peterborough, writes on managing ‘poor payers’.
And then there were five. Despite policyholder hopes that the Washington Supreme Court's track record of finding coverage in difficult cases might help them turn the tide of recent.