BRITISH-AMERICAN TOBACCO (HOLDINGS) LIMITED
Company number: 00262254
Reporting period:
1 July 2023 to
31 December 2023
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