SME support
Prompt Payment Code
Quick answer
The Prompt Payment Code commits signatories to fair payment terms, often 60 days maximum to suppliers. Many primes sign; verify compliance in supply chains.
Last updated: 18 May 2026
Bidding
State PPC signatory status where ITT asks about supply chain payment practices.
Common questions
What is Prompt Payment Code?
The Prompt Payment Code is a voluntary UK scheme committing signatories to pay suppliers on time, often referenced alongside public sector payment rules.
Is this still current after February 2025?
Yes under the Procurement Act 2023.