Yorkshire Water has been offering its suppliers the chance to review their current payment terms in return for a discount from the invoiced value. We have had a positive response from many suppliers that are now taking advantage and have agreed to give us a discount when we pay invoices within 7, 14 or 21 days compared to our standard PO terms of 42 days.
The discount is removed from all invoices total (less VAT). If we fail to meet the new discounted payment terms then we would pay the full, non-discounted, invoice value in 28 days – 14 days quicker than standard.
If you would like to sign up to this initiative, or would like to speak to a YW employee to get more details, then please complete the supplier form to submit your query and our team will contact you regarding Prompt Payment Discount.