Payment of Invoices Performance Data
Under Regulation 113 of the Public Contracts Regulations 2015, the Council is required to publish performance data on an annual basis for the financial year ending 31 March for payment of valid and undisputed invoices within 30 days. The Council’s performance for 2015/16 and 2016/17 is included in the table below:
|Financial Year||Proportion of valid and undisputed* invoices paid within 30 days||The amount of interest actually paid to suppliers (£’s) due to late payment||The amount of interest potentially* liable to pay due to a breach of Regulation 113|
|2015/16 ||95.31%||£226||N/A – Data required for 2016/17 onwards|
*Please note: for the purpose of this exercise we are unable to differentiate invoices that may have been in dispute.