The Reporting on Payment Practices and Performance (Amendment) Regulations 2025 (the Amending Regulations) have been made and come into force on 1 March 2025. They extend and strengthen the regime for reporting on payment practices in relation to "qualifying construction contracts".
Under the payment practices reporting regime, which was introduced in 2017 by the Reporting on Payment Practices and Performance Regulations 2017 and the Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017, large UK companies and LLPs have to produce a report on their invoice payment practices every six months and submit the report to a government-hosted website for publication.
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