Late payments still afflicting businesses: why debt recovery should be taken seriously
CSA
JANUARY 13, 2022
with the 2016 Enterprise Act, a commitment for public bodies to pay within 30 days of accepting invoices, the creation of the Office of Small Business Commissioner (OSBC) and the best practice benchmark for the private sector to settle B2B payments within 60 days from the receipt of invoice (within 30 days for SMEs with fewer than fifty employees).
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