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Statutory guidance for public sector buyers and suppliers on paying undisputed, valid invoices within 30 days down the public sector supply chain came into force on 26 February Public sector buyers must pay prime contractors Tier 1 suppliers within 30 days and recceipt ensure that their prime contractor includes equivalent 30 day payment terms in any subcontracts through the supply chain.
In addition, public sector buyers are to start publishing annual payment performance data after March Read the statutory guidance for contracting authorities and suppliers on paying undisputed invoices in 30 days down the supply chain.
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Government departments are now required to report their performance against these payment targets on a quarterly basis on GOV. These new reporting requirements were announced in the Budget We are working with departments to introduce digital solutions to speed up the payment process to improve efficiency and save money on reeipt costs.
Our work includes leading the rollout of electronic invoicing e-invoicing across government. Since June all central government departments have been required to accept unstructured e-invoices invoices which can be sent in by email.
We are also working towards greater use of structured e-invoices invoices that can be processed automatically. recei;t
Interest is not paid automatically. BIS are responsible for this policy. The government set out in its manifesto a commitment to strengthen the Prompt Payment Code and ensure xefcon major government suppliers sign up to the code. The 32 suppliers targeted in have now signed up. View the changes to the Prompt Payment code.
View which major government suppliers are signed up to the code. Following its investigations, recommendations are made and findings published on GOV. We encourage businesses to report instances of late or unfair payment in public sector contracts by contacting publicprocurementreview cabinetoffice.
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The team will then investigate. View the cases that have been investigated through the Public Procurement Review Service.
To help us improve GOV. It will take only 2 minutes to fill in. Skip to main content. Home Government Government efficiency, transparency and accountability. Guidance Prompt payment policy. Published 20 November Last updated 29 November — see all updates. Crown Commercial Service and Cabinet Office.
Overview Government is committed to making further improvements to payment practices across the public and private sector — with a particular focus deffcon actions that support smaller businesses.
Public Contracts Regulations Statutory guidance for public sector buyers and suppliers on paying undisputed, valid invoices within 30 days down the public sector supply chain came into force on 26 February Explore the topic Government efficiency, transparency and accountability.
Prompt payment policy
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