Company number: 03847519
1 January 2022
to 30 June 2022
This report was filed on 28 July 2022
and approved by Lance Soliday
Average time taken to pay invoices: 41 days
- within 30 days: 35%
- in 31 to 60 days: 57%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 8 %
Standard payment period for qualifying contracts
Standard payment terms
Expedia.com Ltd's standard payment days are to pay suppliers within 60 days of date of invoice.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Our typical dispute resolution process requires suppliers to provide a dispute notice in writing, describing the nature and details of the dispute as a first step. We would then work with them to try and resolve the dispute over the course of 30 days. If this process were unsuccessful, the matter would be escalated by both parties for a further period of dispute discussion and resolution. Other dispute resolution mechanisms may also apply with suppliers depending on the specific contractual terms negotiated.
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.
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?