Make the registration to the Prompt Payment Code mandatory for all companies
Legislate Mandatory Registration to the Prompt Payment Code and introduce Penalties for failure to comply.
Signatures
81
signatures
Government response threshold (10,000) · 81/10,000
Debate threshold (100,000) · 81/100,000
- 03 JUN 2025Petition closedFinal total: 81 signatures
- 03 DEC 2024Petition opened for signatures
Background
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.