BETA This is a new service – your feedback will help us to improve it.

BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY

Company number: 01800000

Reporting period:
1 October 2020 to 31 March 2021

---

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

This report was filed on 29 April 2021

and approved by Simon Lowth

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

• within 30 days: 13%
• in 31 to 60 days: 81%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 5 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

BT Group standard payment terms for contracted suppliers are 30 days for smaller suppliers and 60 days for larger suppliers from receipt of a valid invoice. Some suppliers have mutually agreed non standard longer terms (maximum 120 days) and others have agreed shorter non standard terms (e.g. Government contracts on 30 days).

https://groupextranet.bt.com/selling2bt/accounts_payable.html (Link to BT Payment Practices)

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

Yes – We introduced a shorter standard payment terms for smaller suppliers so that they will be paid in 30 days from receipt of invoice.

Were suppliers notified or consulted about these changes before they were made?

No

Maximum contractual payment period agreed

120 days

Any other information about payment terms

N/A

Dispute resolution process

BT Group have standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link. https://groupextranet.bt.com/selling2bt
Selling to BT

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.

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.

Yes

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