Duty to Report on Payment Practices and Performance

Under new Government legislation, companies with a turnover of more than £36 million are now required to release their payment practices bi-annually. This report by Alvarez and Marsal sets out what businesses need to do in order to prepare.

Key points include:

- The reporting requirements and how to submit payment practices and performance reports through the Government's online portal.

- How to handle reporting without an invoice and how to use weighted averages in your calculations.

- How to understand how the new legislation applies to your business and what to do to ensure compliance.

- Tips on how to use technology more in order to improve the efficiency of your reporting.

- How to use the new reporting requirements to create new opportunities for working capital performance down the road.

DOWNLOAD INSIGHT

Related Insights

Read, watch & listen to some of the latest thought leadership from our Community.

The Inspiring Leaders Podcast...

Focused on what leaders should be prioritising over the next twelve months, advice for first-time CEOs and how Chairs in high-growth businesses can better support their CEOs. Key discussion points include: Pr...

True Diligence: Preparing for...

In the face of escalating societal demands, intensified stakeholder scrutiny and expanding global regulatory requirements, the pressure is on for businesses to assume their collective responsibility towards both people ...

The Mindset of the CHRO

Senior Editor Bridgette Hall speaks to the Criticaleye community about the skillsets, mindsets and capabilities they believe are essential for CPOs to stay abreast of emerging trends, adapt to an ever-changing business ...