Revised drafts of the Reporting on Payment Practices and Performing Regulations 2017, and the Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017, have been published with explanatory memoranda.
The previous drafts of the regulations were published in December 2016 as part of the Government’s response to the consultation on the duty to report on payment practices and performance. Guidance for companies and LLPS that will have to comply with the regulations has also been published.
The draft regulations, which have been laid before Parliament, are intended to come into force on 6 April 2017.
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