As of mid-2025, small businesses across the UK are finally getting some support. Tougher new rules are aiming to end the nightmare of late payments, and it’s a change you can’t afford to miss.
What's New in the Law
Large companies now face stricter rules—disclosing their payment timelines and subjecting them to audit scrutiny if they take longer than 45 days to pay. The Small Business Commissioner now has the power to conduct spot checks and fine offenders.
Why This Matters in Gravesend:
Many local businesses suffer when payments stretch out beyond agreed terms—it impacts your ability to invest, hire, and deliver for your own customers. These reforms level the playing field.
How Soldi Partner Accounting Can Support You:
Track and manage payment terms with clarity using real-time accounting.
Improve invoice follow-up strategies, cutting down delays.
Forecast your cash flow with accuracy.
Access support with the Small Business Commissioner if needed.
Take Action
Read more about the initative on the HMRC website by clicking on this link.
If you’re tired of chasing late payments, talk to us. Let Soldi Partner Accounting give you the tools—and the confidence—to keep your business thriving.
Share this post: