Guidance materials have changed
The Regulator has updated the guidance materials for the new Payment Times Reporting Scheme on 7 March 2025.
The new reporting obligations apply to reporting periods beginning on or after 1 July 2024. Only those entities meeting the new definition of a reporting entity have to report under the new framework.
Reporting entities preparing payment times reports for any reporting period commencing prior to 1 July 2024 (on 30 June 2024 or earlier) must use the Guidance notes and information sheets for the previous reporting arrangements in the Guidance Archive section.
Understanding reporting fields
This document gives reporting entities details about data fields to use when preparing a payment times report.
Understanding Reporting Fields – Guidance March 2025 [DOCX 348 KB]
Understanding Reporting Fields – Guidance March 2025 [PDF 648 KB]
Preparing a standard Payment Times Report – a worked example
This document helps entities prepare a standard payment times report for reporting periods commencing on or after 1 July 2024.
This worked example shows how a reporting entity in a fictional corporate group prepares its datasets in line with the Payment Times Reporting Rules 2024 and uses them to calculate a payment times report.
Worked example – standard Payment Times Report [XLSX 994 KB]