Supplier payment practices reporting pack
Turn an invoice list into every figure the payment practices report needs, work out statutory late payment interest and get the report approved.
UK companiesWhat the report involvesDocument in the pack
Payment statistics for each reporting periodReporting on Payment Practices and Performance Regulations 2017
✓Payment practices calculatorAverage days to pay and the share paid late
Late payment interest owedBank Rate plus 8%
✓Payment practices calculator
Evidence for government contracts over £5m45-day average, 95% within 60 days
✓Payment practices calculator
A report that is complete and on time
✓Report preparation checklist
Director approval
✓Director approval note
Clear terms for suppliers
✓Supplier payment policy
Who it's for
Finance teams in large UK companies and LLPs that must report on payment practices, and suppliers to central government.
Last checked
Checked against the 2017 reporting regulations and the late payment reforms in October 2026.
