BRITISH AMERICAN TOBACCO UK LIMITED
Company number: 02346565
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 30 January 2019
and approved by Dimitris Tounis
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 37%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
Should be based on the most common payment term in the reporting period as no default payment term
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
"If suppliers have any queries related to invoices and payments they can contact fsd_uk@bat.com, which acts as an information center.
FSD UK will provide details such as status of invoices, date of payments and statement of account reconciliations.
For any dispute related to the terms and conditions agreed, FSD UK will direct the suppliers to the relevant BAT personnel to obtain information about their query.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.Yes – SOBC - Standard of the Business Conduct, BAT Group Internal Policy (SCOC Supplier Code of Conduct)
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.
No
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes