Prompt Payment Code

UK Treasury Nixes Idea For New Coronavirus Funding Scheme

UK Treasury Nixes Idea For New Coronavirus Funding Scheme
UK Treasury Nixes Idea For New Coronavirus Funding Scheme
July 02, 2020  |  B2B Payments

The U.K. Treasury will not be rolling out a proposed emergency coronavirus funding scheme that would have sent billions to providers of supply chain finance,...

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UK Reinstates IBM, BT To Prompt Payment Code
UK Reinstates IBM, BT To Prompt Payment Code
June 03, 2020  |  B2B Payments

After bolstering their supply chain payment practices, five companies that were suspended from the Prompt Payment Code (PPC) in the past have been reinstated. Screwfix,...

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UK Government Awards Contract Despite Contractor’s Bad Credit
UK Government Awards Contract Despite Contractor’s Bad Credit
January 06, 2020  |  B2B Payments

The U.K.’s Crown Commercial Service (CCS) announced that Britain’s biggest construction company Balfour Beatty would be hired, even though it was among major construction firms...

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Late Payments Epidemic Continues To Have Ripple Effects In Europe
Late Payments Epidemic Continues To Have Ripple Effects In Europe
November 25, 2019  |  B2B Payments

The data show that late payments continue to have significant impact across the UK – and firms are devoting at least one work week a...

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In UK, (Some) Large Firms Suspended from Prompt Payment Code  
In UK, (Some) Large Firms Suspended from Prompt Payment Code  
July 19, 2019  |  B2B Payments

In the UK, several large publicly traded companies have been suspended from the Prompt Payment Code for late payments.  Separately, Tipalti debuts a new offering...

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In The UK, Fines May Loom For Big Firms That Pay Late
In The UK, Fines May Loom For Big Firms That Pay Late
June 24, 2019  |  B2B Payments

New proposals on offer from Minister of Small Business Kelly Tolhurst in the U.K. may hit large firms in the pocketbook — via fines, if...

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