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-   -   UK Companies different terms and practices?? (https://britishexpats.com/forum/australia-54/uk-companies-different-terms-practices-926103/)

ozzieeagle Jul 1st 2019 2:00 am

UK Companies different terms and practices??
 
I'm currently dealing with a UK based company here in Aus in relation to my Pension. They want payment within 7 days. The usual terms in Australia as far as i know are 14 to 30 days.

Is 7 days payment the usual timescale with UK companies.

Bloody Un-Australian I call it ;)


Amazulu Jul 1st 2019 4:24 am

Re: UK Companies different terms and practices??
 

Originally Posted by ozzieeagle (Post 12704922)
I'm currently dealing with a UK based company here in Aus in relation to my Pension. They want payment within 7 days. The usual terms in Australia as far as i know are 14 to 30 days.

Is 7 days payment the usual timescale with UK companies.

Bloody Un-Australian I call it ;)

I just paid an invoice that was on 7 day terms, so don't think it's just the UK

You may find that there is legislation over there about paying small business quickly - I know that there were issues over this a few years ago

It's common courtesy to pay invoices quickly anyway

ozzieeagle Jul 1st 2019 12:34 pm

Re: UK Companies different terms and practices??
 

Originally Posted by Amazulu (Post 12704936)
I just paid an invoice that was on 7 day terms, so don't think it's just the UK

You may find that there is legislation over there about paying small business quickly - I know that there were issues over this a few years ago

It's common courtesy to pay invoices quickly anyway


True.....Re the common courtesy part.... still not seen 7 days before, so maybe that is the UK aspect.

more later on this.

Amazulu Jul 2nd 2019 3:18 am

Re: UK Companies different terms and practices??
 

Originally Posted by ozzieeagle (Post 12705056)
True.....Re the common courtesy part.... still not seen 7 days before, so maybe that is the UK aspect.

more later on this.

My 7 day invoice was from an Australian business, so not just a UK thing. It's something that I've never really taken notice of before though


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