TJX UK

Standard payment terms

Trade Vendors: TJX UK is committed to paying its invoices within agreed terms. In relation to trade vendors, we believe the majority of invoices that are not paid within the agreed terms are as a result of non-submission of an accurate invoice to TJX UK. TJX UK typically endeavours to contact vendors where goods have been received and we have not received a vendor’s invoice. Non Trade Vendors: TJX UK Standard payment terms for non-trade suppliers, other than rents, rates and utilities, are currently 60 days on satisfactory completion of the work and on receipt of an accurate and valid VAT invoice.

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

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