Hancock: Late-payers will be struck off

Business minister Mathew Hancock has said a new regime requiring signatories to the government’s prompt payment code to pay their suppliers within 30 days, with 60 days as the new maximum limit, will see firms struck off the register unless they improve the treatment of their supply chains. John Allan, national chairman of the FSB, said: “Any action to improve the UK’s payment landscape is an encouraging step forward.”

Source: The Times

HMRC have just told me that I can expect to wait at least 5 weeks before they repay me the tax I have overpaid. Does that mean that I can strike them off my suppliers list?



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