| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2021 - 31 Dec 2021 | 23 Jan 2022 | 29 | 53% | 47% | 0% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 43 | 81% | 2% | 17% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 35 | 44% | 46% | 10% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 34 | 47% | 44% | 9% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 33 | 46% | 47% | 7% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 30 | 52% | 43% | 5% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
W030 - 30 days after month end (due at the end of next month). Some contracts contain a fortnightly payment run clause that states Suppliers accept that BAT’s payment processing centres operate a fortnightly payment run system and that, if the due date for payment of the Valid Invoice falls after the fortnightly payment run day in the relevant week, the Valid Invoice will be paid on the following fortnightly payment run day. This clause is agreed with Suppliers as part of the contract negotiation process before it is implemented.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
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.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
B.A.T (U.K. and Export) Limited is a leading tobacco company based in the United Kingdom. The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact and promote responsible practices within their operations.
Their sustainability program focuses on four key areas: reducing their carbon footprint, responsible sourcing, waste reduction, and community engagement. B.A.T has set ambitious targets to reduce their carbon emissions, increase the use of sustainable materials in their products, and minimize waste generation. They also have various community programs in place, including supporting small farmers and investing in education and skills development in the communities where they operate.
B.A.T offers a wide range of tobacco products, including cigarettes, cigars, and smokeless tobacco. They also have a portfolio of Next Generation Products, which includes e-cigarettes and tobacco heating products. The company is dedicated to driving innovation in this area and has made significant investments in research and development.
The key people at B.A.T (U.K. and Export) Limited include Jack Bowles, the Chief Executive Officer, and Ben Stevens, the Chief Financial Officer. The company's registered office address is Globe House, 4 Temple Place, London WC2R 2PG, United Kingdom.
For more information on B.A.T (U.K. and Export) Limited, their sustainability program, and products, you can visit their website at www.bat.com. The website also has contact information for any inquiries or feedback. B.A.T (U.K. and Export) Limited is committed to making a positive impact on society while delivering high-quality products to their customers.