The Pharmacy Earlier Payment Scheme (PEPS)

The Pharmacy Earlier Payment Scheme (PEPS)

The Pharmacy Early Payment Scheme (the ‘Scheme’), introduced in April 2013, is a privately financed, voluntary arrangement, as part of a broader initiative by the UK Government, to allow community pharmacies early access to their monthly advance payment for the provision of NHS pharmaceutical services. 

From 1st July 2018, Taulia, a new service provider managed by the NHSBSA, (Business Services Authority), will take over from Citibank as the Scheme provider. Existing Citibank PEPS contractors can opt into the Scheme offered by Taulia. New contractors can also join the Scheme which requires a minimum 30-day notice period. Initially, Taulia will only be offering an automatic financing option only but will work with the NHSBSA to provide a manual financing option in the near future.

Only those contractors who register for the scheme and ensure their bundles are received by the NHSBSA by the set dates (see table below) will be able to access the early payments.  

Part I, Clause 5C of the Drug Tariff provides a summary of key submissions and payment dates for the Scheme (which we have simplified slightly here): 

Prescriptions received by NHSBSA  Pharmacy receives advance payment element from Taulia  Pharmacy receives positive reconciliation payment from Taulia  NHSBSA recover negative reconciliation payment from Pharmacy through Taulia 
3rd of the month*  8th of the month*  Normal payment date, usually 1st of following month  As a deduction from next available advance payment 
No later than the 8th of the month*  12th of the month*  Normal payment date, usually 1st of following month  As a deduction from next available advance payment 
After 8th of the month*  Normal payment date, usually 1st of following month  Normal payment date, usually 1st of following month  As a deduction from next available advance payment 

*If days referred to above fall on a weekend or Bank holiday, the next available working day will be applied. 

Further support 

Further information about Taulia and the Scheme, including FAQs can be found on the NHSBSA and Taulia websites.

See also: 

Monthly payments main page 

 



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