Submitted on Friday 31st August 2018
Published on Thursday 13th September 2018
Current status: Closed
Closed: Wednesday 13th March 2019
Signatures: 2,061
Tagged with
Establish penalties against companies for systematic late payment of invoices
Freelancers make up 15% of the UK workforce, yet there has been little change in legislation to support this shift. In particular the lack of appropriate legislation around payment terms gives freelancers little practical power to ensure terms are enforced - resulting in serious cash flow issues.
A small survey of freelancers (97 people) found that everyone had experienced late payment and 37.5% had to wait over 6 months to be paid - some people were never paid. Companies should simply not be allowed to operate like this.
Options currently available include taking a company to small claims court, which is costly & time consuming, and late payment fines which are an inadequate solution as again require the invoice to at some point be paid - and don't fix cash flow issues.
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3.142.249.105 Fri, 22 Nov 2024 01:53:08 +0000
