{
  "url": "https://openlegislation.uk/reporting-on-payment-practices-and-performance-regulations-2017/schedule-2/paragraph-11",
  "json_url": "https://openlegislation.uk/reporting-on-payment-practices-and-performance-regulations-2017/schedule-2/paragraph-11.json",
  "legislation": "uksi/2017/395",
  "legislation_title": "The Reporting on Payment Practices and Performance Regulations 2017",
  "legislation_url": "https://openlegislation.uk/reporting-on-payment-practices-and-performance-regulations-2017",
  "path": "schedule/2/paragraph/11",
  "kind": "paragraph",
  "number": "11",
  "heading": "Information on retention clauses",
  "text": "(1) A statement, expressed as a percentage calculated in accordance with the formula set out in sub-paragraph (2), of the difference between—\n(a) the overall value of monies deducted or retained pursuant to retention clauses in qualifying construction contracts from payments made by the qualifying company to its suppliers (“sum C”); and\n(b) the overall value of monies paid by the qualifying company to its suppliers under all qualifying construction contracts (“sum D”).\n(2) The formula referred to in sub-paragraph (1) is—\nsum Csum D×100",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 2 inserted (in relation to each financial year of a company beginning on or after 1.4.2025) by The Reporting on Payment Practices and Performance (Amendment) Regulations 2025 (S.I. 2025/75), regs. 1(2)(4), 7"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/395/schedule/2/paragraph/11",
    "retrieved_at": "2026-10-28T23:12:48.714001+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}