Policy paper

Late payment (commercial transactions): provisional common framework

How the UK government and devolved governments propose to work together on late payment (commercial transactions) policy.

• From: Department for Business and Trade and Department for Business, Energy & Industrial Strategy
• Published: 16 December 2021

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Late Payment (Commercial Transactions): Provisional Common Framework

Ref: ISBN 978-1-5286-3102-0, E02698085 12/21, CP 569

PDF, 339 KB, 24 pages

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Late Payment (Commercial Transactions): Provisional Common Framework (large print version)

Ref: ISBN 978-1-5286-3102-0, E02698085 12/21, CP 569

PDF, 353 KB, 36 pages

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Details

The Late Payment Common Framework covers policy previously covered by EU legislation designed to protect businesses against late payment in commercial transactions.

This framework has been developed collaboratively by the:

• UK government
• Scottish Government
• Welsh Government
• Northern Ireland Executive

It aligns with the Common Framework principles agreed at the Joint Ministerial Committee on EU Negotiations (JMC(EN)).

This non-legislative agreement formalises ways of working between the 4 governments on late payment (commercial transactions) policy. Its purpose is to facilitate multilateral policy development through establishing governance arrangements and setting out commitments for ways of working.

Published 16 December 2021