Guidance materials have changed
Following the recent consultation process, the Regulator has updated its guidance materials for the new Payment Times Reporting Scheme.
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 interim details about data fields to use when preparing a payment times report:
Understanding Reporting Fields - interim guidance December 2024 [DOCX 250 KB]