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Written question asked by Lord Mendelsohn (Labour) on Thursday, 14 February 2019, in the House of Lords. It was due for an answer on Thursday, 28 February 2019. It was answered by Lord Agnew of Oulton (Conservative) on Tuesday, 26 February 2019 on behalf of the Department for Education.

Education and Skills Funding Agency: Billing

Question

To ask Her Majesty's Government, for each of the last five years, what percentage of invoices submitted to the Education and Skills Funding Agency were paid to suppliers within 30 days; how many invoices were paid later than 30 days; what was the potential interest and compensation liability due to late payment; and how much interest and compensation was claimed and paid.

Answer

The Education and Skills Funding Agency (ESFA) was established on 1 April 2017. Therefore, we have only been able to provide the data for the 2017/18 financial year.

During the 2017/18 financial year, the ESFA paid 99.02% of its invoices within 30 days. 209 invoices were paid later than 30 days.

The potential interest due for late payments amounts to £21,144.40. However, no interest or compensation for late supplier payment was claimed or paid.

Secondary information

Type
Written question
Reference
HL13742
Session
2017-19
Subjects
Compensation Billing Interest charges Education and Skills Funding Agency
Contains statistics
Yes
Link
View this Written question on www.parliament.uk