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Prompt Payment Performance

Publisher
Stockport Metropolitan Borough Council
Updated
24 April 2025
Topic
Government

Summary

Under the Government's Prompt Payment Policy, it is now a requirement for public sector bodies including local authorities to publish annual payment performance data. This consists of; Percentage of invoices paid within 30 days; The amount of interest paid to suppliers due to late payment; and the amount of interest the local authority was liable to pay i.e. whether paid or not.

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