Payment of invoices within 30 days
Regulation 113 of the Public Contract Regulation Act 2015 requires all contracting authorities to pay undisputed invoices within 30 days. When undisputed invoices are not paid within this 30 day period, interest may be payable on the outstanding amount as set out in the Late Payment Legislation.
The following table demonstrates the Council's performance against this requirement:
| Financial Year | Percentage of Valid Invoices Paid within 30 days | The Amount of Interest actually paid to Suppliers due to breach of Regulation 113 |
|---|---|---|
| 2023/2024 | 93% | £0 |
| 2022/2023 | 92% | £0 |
| 2021-2022 | 96% | £0 |
| 2020/2021 | 97% | £0 |
| 2019/2020 | 95% | £0 |
| 2018/2019 | 95% | £0 |
| 2017/2018 | 92% | £0 |
| 2016/2017 | 95% | £0 |
Interest paid on late payments:
| 2023/24 Qtr 1 (April to June) | 2023/24 Qtr 2 (July to September) | 2023/24 Qtr 3 (October to December) | 2023/24 Qtr 4 (January to March) |
|---|---|---|---|
| £0 | £0 | £0 | £0 |
Last updated: 03/04/2024 07:08:40