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BRITISH AMERICAN TOBACCO UK LIMITED

Company number: 02346565

Reporting period:
1 January 2021 to 30 June 2021

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

This report was filed on 29 July 2021

and approved by Joana Garsvaite

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

• within 30 days: 44%
• in 31 to 60 days: 42%
• in 61 days or more: 14%

Invoices due but not paid within agreed terms: 26 %

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.

No

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