VODAFONE SALES & SERVICES LIMITED

Standard payment terms

The percentages provided in the payment statistics above include payments made to Vodafone Group entities providing goods or services to Vodafone Sales & Services Limited. Vodafone intercompany payment terms include many transactions with payment terms up to 120 days. These payments are included in our reported statistics as required and this therefore impacts the payment statistics. If intercompany payments are excluded from the statistics, they are as follows: Average time to pay in days – 43 days Split of payments made under qualifying contracts in the reporting period A) Percentage of invoices paid between day 1 and day 30 (inclusive) – 40% B) Percentage of invoices paid between day 31 and day 60 (inclusive) – 42% C) Percentage of invoices paid on or after day 61 – 18% Payments due in the reporting period which have not been paid within the agreed period – 4% Our standard payment terms are as follows: General procurement agreements: For external suppliers Vodafone Sales & Services Limited’s standard payment terms are 60 days from the date of receipt of invoice, or where a supplier is classed as a small supplier, in accordance with the UK Companies Act, 30 days from the date of receipt of invoice. Where the relevant agreement relates to the provisions of goods or services for supply to public sector customers, Vodafone Sales & Services Limited’s standard payment terms are 30 days from date of receipt of invoice. For procurement from other Vodafone Group companies Vodafone Sales & Services Limited’s payment terms are up to 120 days. Longer or shorter payment terms may be agreed as part of a wider commercial negotiation of the relevant agreement. Any deviation from standard terms will take into account, amongst other things, (i)the type of goods or services provided and undertaken, (ii) the size of the supplier and its wider corporate group, (iii)the supplier’s relationship with the wider Vodafone Group and (iv) any other relevant commercial factors. Additionally, Vodafone Sales & Services Limited has a number of legacy framework agreements, which may be on longer or shorter terms which will be reviewed at renewal with the objective of reducing the payment terms for small suppliers to 30 days.

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

65

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