Published reports

BRITISH TELECOMMUNICATIONS PUBLIC LIMITED COMPANY

Company number: 01800000

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

Reporting period:

1 October 2019 to 31 March 2020

Report filed on:

28 April 2020

Approved by:

Simon Lowth

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

within 30 days: 9%
in 31 to 60 days: 79%
in 61 days or more: 12%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 4%

Payment terms

Shortest standard payment periods

42 days

Longest standard payment period

60 days

Standard payment terms

BT Group standard payment terms for contracted suppliers are 60 days from receipt of a valid invoice, for off-contract this is 42 days. Some suppliers have mutually agreed other terms. https://groupextranet.bt.com/selling2bt/accounts_payable.html

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

120 days

BT operates weekly, fortnightly, monthly payment run frequencies

Any other information about payment terms

We offer Supplier Finance Facility to most suppliers. Refer https://groupextranet.bt.com/selling2bt/articles/accounts_payable/supplier_finance.html

Dispute resolution process

BT Group have standard dispute resolution process across all suppliers payments. First point of contact is Accounts Payable, through contact points on website see link. https://groupextranet.bt.com/selling2bt/accounts_payable.html

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 Fair 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?