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UK Companies different terms and practices??

UK Companies different terms and practices??

Old Jul 1st 2019, 2:00 am
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Default 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

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Old Jul 1st 2019, 4:24 am
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Default Re: UK Companies different terms and practices??

Originally Posted by ozzieeagle View Post
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
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Old Jul 1st 2019, 12:34 pm
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Default Re: UK Companies different terms and practices??

Originally Posted by Amazulu View Post
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.
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Old Jul 2nd 2019, 3:18 am
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Default Re: UK Companies different terms and practices??

Originally Posted by ozzieeagle View Post
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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