Paragraph 1 Payment scheme requirements
Any payments required to be made by F1regulation 3(1) or by a direction given under regulation 4(2)(b) by a manufacturer or supplier to whom this Schedule applies must—
be paid in accordance with table 1 so that they are made in respect of the period specified in column (1) within the period specified in column (2);
be paid by electronic transfer no later than the last day of the period within which payment must be made; and
be calculated, where relevant, in accordance with the rules in F2paragraphs 3 to 9.
Table 1
| Column (1)Period to cover | Column (2)Period within which payment must be made |
|---|---|
| Each quarter | Within 30 days of the last day of that quarter |
| Each remaining period | Within 30 days of the last day of that remaining period |
Annotations
Textual amendments
- F1
Words in Sch. 1 para. 1 substituted (1.1.2025) by The Branded Health Service Medicines (Costs) (Amendment) Regulations 2024 (S.I. 2024/1277), regs. 1(1), 14(2)(a)
- F2
Words in Sch. 1 para. 1 substituted (1.1.2025) by The Branded Health Service Medicines (Costs) (Amendment) Regulations 2024 (S.I. 2024/1277), regs. 1(1), 14(2)(b)