HM Treasury Group payment performance

HM Treasury aims to reduce invoice payment times to 5 working days and all valid goods and services invoices received are paid as soon as they have been authorised by the HM Treasury officials responsible for the contract. We are applying this policy to all suppliers of goods and services but will not be changing our existing contractual terms and conditions.

Since May 2010 the following percentage of invoices were paid within 5 days:

2012