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<p>As per Cabinet Office guidance, the Ministry of Defence aims to pay 90% of all
undisputed and validated invoices for Small to Medium Enterprises within 5 days of
receipt. Additionally, MoD is committed that 100% of all undisputed and validated
invoices should be paid within 30 days.</p><p> </p><p>Ministry of Defence reports
its supplier payment performance, invoice processing and MoD contract payments in
line with statutory requirements and reports its results quarterly at GOV.UK Ministry
of Defence supplier invoicing and payment information - GOV.UK (<a href="http://www.gov.uk/"
target="_blank">www.gov.uk</a>)</p><p> </p><p>Table below shows results for financial
year 2023-2024 by quarter. Financial year runs from April 2023 to March 2024.</p><p>
</p><p> </p><table><tbody><tr><td colspan="2"><p><strong>Ministry of Defence payment
performance </strong></p></td></tr><tr><td><p><strong>2023-2024</strong></p></td></tr><tr><td><p><strong>Financial
year <br> 2023-2024</strong></p></td><td><p><strong>Percentage of invoices paid <br>
within 5 days<strong>[1]</strong></strong></p></td><td><p><strong>Percentage of invoices
paid <br> within 30 days</strong></p></td></tr><tr><td><p>First Quarter</p></td><td><p>94.13%</p></td><td><p>99.24%</p></td></tr><tr><td><p>Second
Quarter</p></td><td><p>94.08%</p></td><td><p>99.29%</p></td></tr><tr><td><p>Third
Quarter</p></td><td><p>87.35%</p></td><td><p>99.25%</p></td></tr></tbody></table><p>
</p><p> </p><p> </p><p> </p><p> </p><p>[1] This includes all suppliers not just Small
to Medium Enterprises</p>
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