What do the PTRS payment-time bands mean?

Quick answer

The Payment Times Report shows the percentage of invoices paid within 0–30 days, 31–60 days and more than 60 days.

What does this mean?

The Regulator requires reporting entities to calculate the percentage of the number of invoices falling into each of the three payment-time bands. The three percentages should total 100%, with a small allowance for rounding.

Practical point

These bands describe how payments are distributed across broad time ranges. They are different from P95, which identifies the payment-time value within which 95% of relevant payments were made.

Other ways people ask this

• What do 0–30, 31–60 and over 60 days mean in PTRS?
• How are invoices grouped by payment time?
• Do the PTRS payment bands have to add to 100%?
• Are the payment-time bands the same as P95?

Official sources

• Payment Times Reporting Guidance Materials
  Percentage of invoices paid within specified days
  Paragraph: 196 · Page: 47

Related guidance

• What is P95 in Payment Times Reporting?
• How is P95 calculated for PTRS?
• How is payment time calculated for PTRS?
• What does paid within terms mean for PTRS?

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