Payment Practices Reporting

If you are a qualifying business, you need to submit an approved report to HMRC by the 30th July for the period 1st January – 30th June 2018. This is designed to show that you are paying your suppliers fairly and not exceeding your agreed terms.

This is a statutory requirement and covers any supplies deemed within the UK. It is designed to show how well you are paying your suppliers and requires detailed information from your ERP system along with many questions. There is also an application service and further details which can be found here.

IMS has experience in developing this report, so please contact David Harrison on 07500 933592 or at dharrison@imsolutions.info to discuss your requirements