PARLIAMENTARY WRITTEN QUESTION
Treasury: Billing (29 November 2016)
Question Asked
To ask Mr Chancellor of the Exchequer, what proportion of payments by his Department to small businesses are made on time and in accordance with the prompt payment code.
Asked by:
Tim Farron (Liberal Democrat)
Asked by:
Tim Farron (Liberal Democrat)
Answer
HM Treasury currently does not distinguish between small and large businesses in relation to paying suppliers. The Government has a long standing policy commitment to pay 80% of undisputed invoices within 5 days, with the rest paid within 30 days. During 2015-16, HM Treasury paid 71.4% within 5 days and 97.5% within 30 days.
Answered by:
Simon Kirby (Conservative)
6 December 2016
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