In most of our markets, GSK payment terms are calculated from the date the invoice is received by GSK, not from the invoice date. We expect our suppliers to meet our standards, but we also have a responsibility to support them by paying on time. We have put in place an exception to our standard payment terms for small and medium sized companies in the UK, and small suppliers in the USA.
If you are a UK company which is a micro, small or medium sized enterprise, GSK will apply these preferential terms(60+5 term) when you are registered as a supplier to us. Please email us if this is the case and we will update your payment terms.
If you are a US company which meets the small business size standards, GSK will offer you preferential payment terms(60+5 term). Please email us so that we can confirm your organisation meets the criteria and update your payment terms.
Typical payment terms applicable to exceptional cases listed above
This diagram illustrates the typical payment timeline for small and medium-sized enterprises, showing the 60+5 payment terms from invoice receipt to payment processing.