The UK Government has indicated that Section 3 of the Small Business, Enterprise and Employment Act 2015 is likely to come into force on 6 April 2017. Section 3 requires large companies to report on its payment practices and performance. This requirement is likely to be satisfied by an organisation putting a report, accessible to all, on its website on a half yearly basis, however government guidance is awaited on this. The report will need to include such matters as the organisation’s standard payment terms, the average time taken to pay, the proportion of invoices paid beyond agreed terms and the amount of late payment interest owed and paid by the organisation. The Government has indicated that Regulations bringing Section 3 into force and setting out some of the necessary detail (such as which organisations will be regarded as ‘large’ and so subject to the obligation to report) are expected to be laid before Parliament in early 2017.