PARLIAMENTARY WRITTEN QUESTION
Department for International Trade: Billing (29 November 2016)

The Department for International Trade (DIT) has been formed out of UK Trade and Investment (UKTI) and has assumed Trade Policy responsibilities previously held by the Department for Business Innovation and Skills (BIS). My Rt hon Friend the Secretary of State for International Trade also has responsibility for UK Export Finance (the Export Credits Guarantee Department), which has its own budget. The transfer of functions order established the Secretary of State as a corporation sole on 09/11/2016, prior to this DIT was a unified Foreign and Commonwealth Office (FCO) and Department for Business, Energy & Industrial Strategy (BEIS) department for accounting purposes.

DIT aims to pay 80% of undisputed and valid invoices within 5 days and the remainder within 30 days. To support prompt payment, DIT is required to accept unstructured e-invoices (invoices which can be sent in by email).

DIT will publish our overall payment performance data in our annual report and accounts and at: https://www.gov.uk/government/publications?keywords=&publication_filter_option=transparency-data&topics%5B%5D=all&departments%5B%5D=department-for-international-trade&official_document_status=all&world_locations%5B%5D=all&from_date=&to_date.