Paragraph 2 Information on payment termsI1
United Kingdom
A description of the qualifying company’s standard payment terms in relation to qualifying contracts, which must include—
the payment period specified in those standard payment terms, expressed in days;
where the qualifying company varied the standard payment terms in the reporting period—
details of the variation, and
details of any notification or consultation conducted by the qualifying company with its suppliers before making the variation.
Annotations
Commencement
- I1
Sch. para. 2 in force at 6.4.2017, see reg. 1(2)
Notes on Schedule 1
Textual amendments
- F1
Sch. renumbered as Sch. 1 (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), 6(1)
Modifications
- C1
Sch. modified (E.W.S.) (6.4.2017) by The Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017 (S.I. 2017/425), regs. 1(2), 10 (as amended (in relation to each financial year of a limited liability partnership beginning on or after 1.4.2025) by S.I. 2025/75, regs. 1(2)(5), 8(2))