BIS announces Small Business Commissioner to chase late payments The Department for Business Innovation and Skills (BIS) has launched a four week consultation on proposals for a Small Business Commissioner to help tackle payment disputes and other unfair practices in a bid to lead a culture change in the way larger companies treat smaller suppliers report Harris & Co chartered accountants Northampton, the specialist small business and motorsport accountants.
Late payment is a problem for all industries, but we often see it as a major issue for motorsport businesses, especially in the "off" season.
Action to tackle the issue is long overdue and this is a welcome announcement.