The following table demonstrates performance against this requirement. |
Financial Year | Proportion of valid & undisputed invoices paid within 30 days in accordance with regulation 113 | The total amount of interest we are liable to pay to Suppliers as a result of a breach of Regulation 113 | The total amount of interest actually paid to suppliers due to a breach of the requirement in regulation 113 |
2017/18 | 59.52% | Suppliers are able to set their own rates as per UK legislation* | £224.74 |
2018/19 | 82.32% | Suppliers are able to set their own rates as per UK legislation* | £320.21 |
2019/20 | 84.91% | Suppliers are able to set their own rates as per UK legislation* | £0.43 |
2020/21 | 79.65% | Suppliers are able to set their own rates as per UK legislation* | £4.04 |
2021/22 | 85.78% | Suppliers are able to set their own rates as per UK legislation* | £0.58 |
2022/23 | 86.16% | Suppliers are able to set their own rates as per UK legislation* | £224.27 |