28 Mar 2023

Have your say: should the largest firms have to report on the retention they hold?

The government is now consulting on how the largest firms report on their late payment, and whether they should also have to report on retention. Feed in to NFRC’s response.

The government is now consulting on how the largest firms report on their late payment, and whether they should also have to report on retention. The Payment and Cashflow Review asks whether the current Regulations should stand, and whether new requirements should be added for firms to report on the value as well as volume of invoices paid late, as well as whether they should also have to report on how much retention they hold. NFRC's Member Retention Survey is currently live: this is the best way to tell us about your experience with retentions. This also contains an opt-in to hear more about NFRC's work on retentions, if you would like to hear more.

If you have specific comments on the Review and its questions, please email the Policy Officer. 

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