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Company number: 01134945

Reporting period:
1 January 2019 to 30 June 2019

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 25 July 2019

and approved by David Miles

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

Invoices due but not paid within agreed terms: 2 %

Payment terms

Shortest standard payment period

10 days

Longest standard payment period

60 days

Standard payment terms

The majority of agreements between Intel Corporation (UK) Limited and suppliers contain payment terms whereby the Company is entitled to 2% Discount if payment are made to vendor within 10 days.

Other common payment terms that Intel Corporation (UK) Limited utilises are 30 Days Net, 45 Days Net and 60 Days Net.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

60 days


Any other information about payment terms


Dispute resolution process

The first level of customer service provided to the supplier is through an online portal whereby supplier can log a ticket to check payment status of an invoice.

A matter can then be escalated to the Intel accounts payable Customer Service Team which represent the second level of the customer service provided to the supplier.

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 – Prompt 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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?