Research and analysis

RPC opinion: late payments options assessment

The RPC's opinion of the Department for Business and Trade’s options assessment.

• From: Regulatory Policy Committee
• Published: 1 August 2025

Documents

RPC opinion: late payments options assessment

PDF, 255 KB, 9 pages

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Details

The late payments options assessment considers 7 policy proposals which form part of a package designed to address poor business to business payment behaviour, including late payment, long payment terms, disputed payments, and unfair practices around retention payments in construction contracts.

The Regulatory Policy Committee (RPC) gave a ‘green’ rating to the options assessment on 21 March 2025. This means that we considered it to be fit for purpose based on our scrutiny of the evidence and analysis supporting the case for why regulation is necessary. 

The RPC’s opinion refers to the evidence and analysis presented in the options assessment, not the policy itself.

Published 1 August 2025