Reporting entities – are you really one?

As raised by Andrew Bath and Natalie Brand, organisations must determine whether they have reporting obligations now the Payment Times Reporting Scheme (PTRS) is live.

The headlines state that Payment Times Reporting Scheme (PTRS) will cover “large businesses”, however when applying Section 7 of the Payment Times Reporting Act 2020, there are numerous legislative and PTRS guidance interpretive aspects that need to be worked through. We have been assisting many clients to identify their PTR reporting entities and have listed below some of the issues that have arisen so far. What is a constitutionally covered entity – often overlooked in any reporting ent...

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Authors: Andrew Bath, Natalie Brand

Published Date: 23 March 2021