Written question asked by Lord Harrison (Labour), in the House of Lords. It was answered by Viscount Younger of Leckie (Conservative) on Tuesday, 26 March 2013.
Finance: Early and Prompt Payment Schemes
- Question
-
To ask Her Majesty’s Government what is their policy regarding early payment schemes as opposed to prompt payment schemes.[HL6174]
- Answer
-
The Government’s view is that all businesses should agree fair payment terms at the outset of a contract, and should pay their suppliers on time according to the agreed terms.
The Government are supportive of early payment schemes which offer suppliers the opportunity to take payment early in return for a discount or fee, as long as they are offered in conjunction with fair payment terms rather than as a substitute.
Secondary information
- Type
- Written question
- Reference
- 744 c219WA; HL6174
- Session
- 2012-13
- Subjects
- Business Billing
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-21 20:23:03 +0000
- URI
- http://hansard.intranet.data.parliament.uk/Lords/2013-03-26/13032659000523
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Lords/2013-03-26/13032659000523
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Lords/2013-03-26/13032659000523