Billing
(asked on 20th June 2014) - View Source
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, how many creditors had remained unpaid by his Department on 1 June 2014 for (a) 45, (b) 60, (c) 75 and (d) 76 days and over.
The Ministry of Defence (MOD) financial systems capture the length of time the invoice has been outstanding at the point the invoice is paid.
The table below represents our assessment of late payments paid during the twelve months ended 1 June 2014. This does not reflect existing unpaid bills.
Invoices Paid After 45 Days Between June 2013 and June 2014 | ||||
45-59 days | 60-74 Days | 75 Days | 76 Days and Over | Total Over 45 Days |
19 | 6 | 0 | 18 | 43 |
During financial year 2013-14 out of over 4 million correctly submitted invoices the MOD paid 94% within five working days.