BRITISH-AMERICAN TOBACCO (HOLDINGS) LIMITED

Company number: 00262254

Reporting period:
1 July 2023 to 31 December 2023

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This report was filed on 25 January 2024

and approved by Javed Iqbal

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 68%
• in 31 to 60 days: 31%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 6%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

75 days

Standard payment terms

"V030 - Invoices are paid 30 days net from the invoice date

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

75 days

No further comment provided

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.

Yes, this business has signed up to: 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