GOV.UK
ERNST & YOUNG BELASTINGADVISEURS LLP
Company number: OC335596
Reporting period:
1 July 2021
to 31 December 2021
This report was filed on 28 January 2022
and approved by H.D. Oosterhoff on behalf of Mr. H.D. Oosterhoff Belastingadviseur B.V.
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 58%
- in 31 to 60 days: 40%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 33 %
Payment terms
Shortest standard payment period
45 days
Longest standard payment period
60 days
Standard payment terms
- In the event that the supplier, in comparable situations (scope of order, type of client, comparable terms and conditions), charges third parties prices or rates, including any discounts granted, that are lower than the prices or rates applicable between the supplier and EY, any such lower prices or rates will also start to apply to EY once a difference has been noted. - Invoices must be issued in the way described in the agreement. Supplier is obliged to make use of the Purchase Order number as issued by EY. - Invoices that are due and payable will be paid within 45 days of their date of receipt to the extent that the supplier has completely and properly delivered/performed the agreement and to the extent that EY has received a proper invoice. - In the event that EY fails to pay within the said 45-day period, the supplier shall so notify EY in writing within no more than seven days of the expiry of that period. In the event that EY owes the supplier damages due to the delayed payment of an invoice, the amount of such damages will not exceed the amount of the interest referred to in section 119 of Book 6 of the Dutch Civil Code. Under no circumstances Supplier may demand payment in advance. - EY will have the right to suspend payment on its part in the event that the supplier fails to return to EY the files, documents, information, designs, models and any and all copies , and/or the instruments , or fails to return all such instruments and/or files, documents, information, designs, models and any and all copies thereof, or returns them in damaged state at the time of the final delivery or upon first demand. - To the extent not stated otherwise, the agreed prices include any and all additional costs and exclude VAT. Additional costs refer to delivery costs, costs for permits and any and all other levies, among other items. - The payment by EY of any invoice does not also constitute acceptance of the services or goods delivered, and does not affect any statements made or guarantees or warranties issued by the supplier. - EY's failure to pay an invoice on the grounds of the presumed incorrectness of that invoice does not give the supplier the right to suspend or terminate its obligations on the basis of the agreement. The price stated in the agreement with respect to the delivery of goods and/or the provision of services will be binding. The supplier cannot pass any changes in wages, taxes and any other cost price determining factors on to EY.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
In the event of a dispute between EY and the supplier a complaint can be raised to the Shared Service Department of EY Netherlands which can be contacted at GSSPoland.AP.NL@xe05.ey.com or phone number +31 88 4079946 . This department will send the complaint to the invoice approver within EY responsible for follow up . The EY invoice approver and supplier have to reach agreement within a reasonable period. A reasonable period is defined by the parties involved. If the dispute is not resolved both parties should escalate to a senior representative from each party which shall meet and endeavour to resolve the dispute within a reasonable time. If a settlement cannot be met then the matter may be referred to the court of Rotterdam in the Netherlands.
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.
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