INTUIT LIMITED
Company number: 02679414
Reporting period:
1 August 2025 to 31 January 2026
Report filed on:
2 March 2026
Approved by:
Gavin Buckley
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 21 days
Total value paid:
- within 30 days: £71,310,472 (96%)
- in 31 to 60 days: £2,727,693 (4%)
- in 61 days or more: £343,985 (< 1%)
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 4%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,641,791
- payments due in the reporting period which have not been paid within the agreed period: 9%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
Intuit Limited is a committed signatory to the UK Fair Payment Code. Standard payment terms are Net 30 days from the date of receipt of a correct and conforming invoice, unless alternative terms are contractually agreed upon with the supplier. To support the small business community, Intuit Limited offers accelerated Net 10 payment terms to all verified small businesses.
All invoices require a valid purchase order number, a detailed description of the goods or services supplied, and must be addressed to the correct Intuit legal entity. Invoices must also comply with regional sales tax/VAT requirements. Payment is contingent upon the delivery of conforming goods or the satisfactory completion of services.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The Intuit Accounts Payable team proactively partners with suppliers to resolve billing discrepancies. Unresolved disputes are escalated to the relevant business owner and the procurement team to ensure a fair, transparent, and efficient resolution for all parties.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: UK Fair Payment Code
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No