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Tip of the Month
If a letter is returned via Royal Mail marked ‘Addressee Not Known’ or ‘No longer at this Address’, never assume that this is actually the case, as many practised debtors simply return a letter as ‘Gone Away’ to give themselves more time. Click here for more tips on tracing debtors.

The Better Payment Practice Group is a cooperative forum of representatives of the business community and Government that seeks to help improve the payment culture amongst organisations trading in the UK.

Are you a prompt payer? Commit to the Better Payment Practice Code!

If you

1. Agree payment terms at the outset;

2. Explain your payment procedures to suppliers;

3. Pay bills in accordance with agreed terms;

4. Tell suppliers without delay when an invoice is contested, and settle disputes quickly.

then sign up to our prompt payers code and send a clear signal to your suppliers and customers that you are committed to paying on time.

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The Better Payment Practice Code

About the Better Payment Practice Code

Commit to the Better Payment Practice Code
Browse existing signatories to the Code

The Forum of Private Businesses.Federation of Small BusinessCredit Services AssociationAssociation of British InsurersThe ACCABritish Bankers AssociationFactors and Discounters AssociationBritish Chambers of CommerceInstitude of Credit ManagementInstitute of DirectorsCMRCChartered Institute of Management AccountantsInstitute of Chartered AccountantsThe CBI Small and Medium Enterprise CouncilSmall Business serviceThe Institute of ExportThe Institute of Purchasing and Supply

Links to third party web sites are provided purely for convenience and on the understanding that the Better Payment Practice Group, its individual and corporate members, and Polhill Communications, have no control over the content of those sites and make no recommendations or warranties in respect thereof. Neither do they accept any responsibility or liability for the contents of third party web sites or the consequences arising from accessing them or making use of or relying upon the information contained therein.

The BPPG wishes to thank the Institute of Credit Management for their assistance in providing credit management advice, and also Burt Edwards who wrote the original 'Better Payment Practice' guide.

Source: Department of Trade and Industry "Better Payment Practice". Crown Copyright 1998.
Reproduced by Polhill Communications for the Better Payment Practice Group under licence from the controller of Her Majesty's Stationery Office.

IMPORTANT NOTICE
The Better Payment Practice Group, its individual members and Polhill Communications, has taken reasonable care in sourcing and presenting the information contained on this web site, but no responsibility is accepted for any financial or other loss or damage that may result from its use.

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Source: Department of Trade and Industry "Better Payment Practice". Crown Copyright 1998.
Reproduced by Polhill Communications for the Better Payment Practice Group
under licence from the controller of Her Majesty's Stationery Office.

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