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. 

 

PeriodPercentage of invoices paid on timeInterest paid to suppliers due to late paymentTotal amount of interest the contacting authority was liable to pay
2017/1897.26%£184.01£184.01
2016/1797.34%NilNil
2015/1698.59%NilNil

 

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