Make the registration to the Prompt Payment Code mandatory for all companies

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Petition Action

Make the registration to the Prompt Payment Code mandatory for all companies

Petition Details

Legislate Mandatory Registration to the Prompt Payment Code and introduce Penalties for failure to comply.

Additional Information

We think mandatory registration:
1. Ensure Fairness: Create a level playing field for businesses of all sizes.
2. Protect SMEs: Prevent smaller companies from suffering due to delayed payments.
3. Boost Economic Stability: Timely payments improve cash flow, enabling businesses to invest, grow, and retain employees.
4. Promote Ethical Business Practices: Encourage companies to prioritise financial responsibility and transparency.

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