Transparency data

UK Export Finance: prompt payment reports

Quarterly reports on UK Export Finance's prompt payment performance under reporting requirements on announced in the Budget 2015.

Documents

UK Export Finance prompt payment reporting for financial year 2016 to 2017

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UK Export Finance prompt payment reporting for financial year 2015 to 2016

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Detail

Government is committed to creating a supportive environment in which ambitious businesses can flourish. Late payment is a key issue for business, especially smaller businesses as it can adversely affect their cash flow and jeopardises their ability to trade. The Government recognises that the public sector should set a strong example by paying promptly.

The Government announced the following reporting requirements in the Budget 2015:

  • From April 2015, all in-scope organisations will publish the percentage of their invoices paid within i) 5 days and ii) 30-days, on a quarterly basis.
  • From April 2016, all in-scope organisations will publish all interest liable, under the late payment legislation, on a quarterly basis.