Speeches

Bill Esterson – 2016 Parliamentary Question to the Cabinet Office

The below Parliamentary question was asked by Bill Esterson on 2016-01-13.

To ask the Minister for the Cabinet Office, what information his Department holds on the number of Government departments which failed to pay outstanding debts to SMEs within the 60 day maximum period set out in the Prompt Payment Code.

Matthew Hancock

Government does not hold this information centrally. When undisputed public sector invoices are not paid within 30 days, interest becomes liable under the Late Payment of Commercial Debts (Interest) Act 1998.

In March 2015 central government restated its longstanding commitment to pay 80% of undisputed and valid invoices in 5 days with the remainder paid in 30 days. To increase transparency through publication, departments are required to publish performance against these targets on a quarterly basis on GOV.UK.