TOYOTA FINANCIAL SERVICES (UK) PLC
Company number: 02299961
Reporting period:
1 October 2019 to 31 March 2020
Report filed on:
16 April 2020
Approved by:
Rupert Wentworth-Jessop
Payment statistics
Average time taken to pay invoices: 8 days
Invoices paid:
- within 30 days: 100%
Late and disputed:
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The standard payment terms are to pay invoices within 30 days of receipt.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
Please note that 99.8% of invoices were paid within our standard payment terms of 30 days. We have entered 100% as this form requires the number to be rounded.
Dispute resolution process
The Purchase Ledger Supervisor will aim to resolve all disputes and complaints by obtaining all the facts and then following up with the appropriate purchasing department. Contact will then be made to advise the current status of the outstanding invoice(s).
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.
No, this business has not signed up to a code of conduct or standards on payment practices.
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No