Crackdown on late payments gathers pace
Last Updated on 31 March 2026
“We are on a mission to make life easier for small firms by getting money moving faster through the economy by tackling late payments.”
Emma Jones CBE, Small Business Commissioner
It’s good to see the government keeping up the pace on its late payment plans this week.
As I wrote last year, there’s some really good thinking going on to tighten up the legislation on how long companies can wait before paying an invoice.
They’re also looking at making late payment interest payments compulsory. This would remove a massive disincentive for freelancers to chase late payments in the first place.
The latest government announcement is very good to read, even with the inevitable spin. You can see it here:
IPSE, the association of self-employed people, is very upbeat. Their MD Vicks Rodwell wrote:
“Today’s announcement signals a real intention to shift the culture around payment, and that gives freelancers something they haven’t had for a long time: a sense that things might finally change.”
Speaking as someone who’s often had to chase late payments, I’m really up for this.
NB: David Thomas Media Ltd is not responsible for the content of other sites nor any financial advice provided by them.
Posted on 31 March 2026
