Amendments to the Payment Practices and Performance Regulations 2017

Overview

We're seeking views on proposals to amend and improve the Payment Practices and Performance Regulations, and whether they should extend beyond their current expiry date of 6 April 2024.

The consultation sets out proposals on:

• amending the expiry date to extend the Regulations beyond 6 April 2024
• including an additional value reporting metric
• referencing payment reporting in a company’s director’s report
• a clarification of how supply chain finance is reported
• including a new metric on disputed invoices
• retention payments in the construction sector

Read the consultation document on GOV.UK.