CIRRUS LOGIC INTERNATIONAL (UK) LTD

Standard payment terms

Our standard payment terms are to pay invoices within 30 or 45 days from the date the invoice is received by the Accounts Payable Department according to the payment terms quoted on each purchase order sent to vendors. Alternative terms can be agreed with individual vendors. If a valid invoice is received promptly at the correct email address, quoting a valid purchase order it will be paid according to the payment terms via weekly payment runs. The correct invoicing address, which is quoted on all purchase orders is AP_UKAU@cirrus.com. If invoices cannot be emailed, they should be sent to Cirrus Logic International (UK) Ltd at 7B Nightingale Way, Quartermile, Edinburgh, EH3 9EG.

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

60

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