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Institute for Apprenticeships and Technical Education (IfATE) prompt payment performance and interest liable data: 2023 to 2024
Updated 31 October 2024
| Institute for Apprenticeships and Technical Education (IFATE) prompt payment performance and interest liable data for 2023 to 2024 | |||
|---|---|---|---|
| Financial year 2023-24 | Percentage of invoices paid within 5 days | Percentage of invoices paid within 30 days | Potential interest liability to pay |
| 2023-24 Quarter 1 | 77% | 96% | £39.86 |
| 2023-24 Quarter 2 | 85% | 97% | £28.11 |
| 2023-24 Quarter 3 | 76% | 93% | £34.98 |
| 2023-24 Quarter 4 | 81% | 98% | £10.00 |