Invoices paid within 30 days

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Invoices paid within 30 days

Regulation 113(7) of the Public Contracts Regulations 2015 introduced the following publication requirements:

  • After March 2016, all in-scope organisations must publish, on an annual basis and covering the previous 12 months, (i) the percentage of their invoices paid within 30-days and ii) the amount of interest paid to suppliers due to late payment.
  • After March 2017, all in-scope organisations must publish, on an annual basis and covering the previous 12 months, (i) the percentage of their invoices paid within 30 days ii) the amount of interest paid to suppliers due to late payment and iii) the total amount of interest that the contracting authority was liable to pay (whether or not paid and whether under any statutory or other requirement), due to a breach of Regulation 113. 

 

2016/17

The percentage of invoices paid within 30 days in financial year 2016/17 was 97.34%.

We did not pay any interest to suppliers due to late payment.

2015/16

The percentage of invoices paid within 30 days in financial year 2015/16 was 98.59%.

We did not pay any interest to suppliers due to late payment.

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