Load of rubbish this will not help small business get paid from other small businesses.

Make interest payments mandatory on the late client to pay, and illegal for the provider to refuse.

Also make the interest payment as bad as a pay day loan with a instant fine when late by 5 working days as punitive as HMRC fines for missing a nil return CIS payment, £100 instant!

The difference is HMRC doesn't wait even 24hrs!

I always pay all my suppliers on time in both my companies but am sickened by late payment by so many.