This websites mission is:
1. To promote good payment practice amongst all UK businesses and organisations, including increasing awareness of the commercial and ethical benefits for all businesses of paying suppliers promptly on agreed terms.
2. To produce information and guidance on use of the late payment legislation and on the issue of prompt payment.
3. To maintain a programme of measures that promote a better payment culture, that is supported by the business community.
The Better Payment Practice Group was formed in 1997 as a partnership between
the public and private sectors. Its aim is to improve the payment culture
of the UK business community and reduce the incidence of the late payment
of commercial debt. This was achieved through the delivery of a package
of measures, including:
- A Better Payment Practice Code, outlining the principles
of good payment procedures, combined with a logo which businesses will
be able to use if
they adopt the Code, accompanied by a major campaign to highlight the
economic reasons for paying on time.
- Support for the publication of private
and public sector payment performance tables.
- An extensive education campaign
to help businesses with late payment problems, including free guides
on credit management, a website with credit management
and debt recovery information and a national seminar programme on credit
management.
- Promoting awareness of the Late Payment Legislation.
The Better Payment Practice Group was disbanded last year and the Government no longer fund, run or endorse this website. The team that currently run this website though wish to continue the work that the group started. |