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U.K. regulators have taken notice of the nations late B2B payments problem <a href=https://www.cup-stanley-cup.pl>stanley kubek and have encouraged businesses to pay their small suppliers on-time 鈥?though with limited success. Reports Monday Dec. 12 said authorities are taking another hit at the issue.Small Business Minister Margot James recently revealed new Duty to Report rules aimed at boosting transparency in the payments process from large corporations to small firms. Unfair payment practices and unnecessary red tape hamper ability to grow and have no place in an economy that works for all, James stated. By shining a light on how large businesses pay their smaller suppliers, we want to empower small businesses and drive real change in pa stanley france yment culture. Starting April 2017, large corporations and limited liability partnerships will have to provide details on their payment terms with suppliers, including the average time it takes them to pay suppliers. The details must be submitted twice a year, according to reports.It is unclear, however, ho stanley kubek w the new rule will be enforced, if at all.Still, the move seems to have support within the small business community. Tackling late payments is now a key part of the governments corporate governance agenda, stated Federation of Small Business National Chairman Mike Cherry in another statement. The comprehensive and regular Duty to Report is the first step to combat a business culture that feels like one where it is OK to pay small firms late. It is not OK, he continued.