The Provisional Late Payments (Commercial Transactions) Common Framework

Synopsis: This briefing paper is prepared at the request of the Committee for the Economy, to assist its scrutiny of the Provisional Late Payments (Commercial Transactions) Common Framework (LPCF). It is a non-legislative Common Framework (CF), setting out the proposed arrangements in the area of Late Payments, to underpin working relationships between the United Kingdom (UK) Government, the Scottish and Welsh Governments, and the Northern Ireland (NI) Executive, following on from the UK’s exit from the European Union (EU).

Date: 25 February 2022