Detail of outcome
We will continue to engage with stakeholders to refine how this policy could be best implemented. We intend to publish and consult on draft regulations and a corresponding consultation stage impact assessment later this year.
Detail of feedback received
We received 39 written responses from:
- public (1)
- small businesses (4)
- large businesses (7)
- organisations (27)
We want to know your views on how to provide business representative bodies with wider powers to challenge ‘grossly unfair’ contractual terms and practices. This is set out in the 2011 EU Late Payment Directive.
We’re also asking for views on how, or whether, we should better define ‘grossly unfair’ in relation to late payments.
We welcome comments from across industry, particularly from business representative bodies and small businesses.