Laura Sharman 07 December 2017

Councils could face up to £1bn in late payment penalties, report warns

Councils could face up to £1bn in late payment penalties, according to new report into local government payment practices.

The research, conducted by Oxygen Finance, found the current late payment liability for councils stands at £160m for 2015/16. However, it warned this figure was based on the minimum penalty so could be as much as £1bn.

The Time for Change report found that 87% of councils do not record their late payment liability, and nearly half do not have an e-invoicing system in place.

Ben Jackson, CEO at Oxygen Finance, said: 'There is a perceived wisdom that late payment legislation has no real teeth - since who will bite the hand that feed them, but it could really bite hard if suppliers start to systematically exercise their right for six years’ worth of late payments.'

SIGN UP
For your free daily news bulletin
Highways jobs

Highly Specialist Clinical Psychologist

Oxfordshire County Council
£62215 - £72293
How about joining The Clinical Team at Oxfordshire County Council in our new Community Family Clinic initiative? Oxford
Recuriter: Oxfordshire County Council

Traffic Management Officer - WMF2114e

Westmorland and Furness Council
£37,035 - £37,938
Are you an experienced and motivated professional looking to take the next step in your traffic management career? Cumbria / Various
Recuriter: Westmorland and Furness Council

Peripatetic Support Assistant

Wakefield Council
£16,415.00 - £16,675.23 Grade 4, 24.5 hours, Permanent
Are you caring, compassionate, and friendly? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Peripatetic Support Assistant

Wakefield Council
£14,070.00 - £14,293.05 Grade 4, 21 hours, Permanent
Are you caring, compassionate, and friendly? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Recruitment Support Officer

Durham County Council
£25,584 to £27,711 p.a. (Grade 5) pay award pending
We are looking for a Recruitment Support Officer to join our team on a temporary basis until 31 March 2026. In this role, you will provide a comprehe Spennymoor
Recuriter: Durham County Council
Linkedin Banner