Prompt Payment Returns

Under Government Decision S 29296 [1] of 19 May 2009 on Prompt Payments, all government departments/offices are committed to reducing the payment period to suppliers for commercial transactions from 30 to 15 calendar days on receipt of a valid invoice, as a means of easing cashflow difficulties for businesses. 

This government decision also requires departments to forward on a quarterly basis a return to the Department of Enterprise, Jobs & Innovation on their performance in meeting the new administrative requirement for a 15 day payment period. An amalgamated report for all departments is published on the Department of Enterprise, Jobs & Innovation website.  Each department must also publish this return on its website not later than the 15th day of the month following the end of the quarter. The first report was published on October 15 2009.

From July 1 2011, this initiative was extended to include other public sector bodies including bodies and agencies under the aegis of the Department of Education & Skills. In conjunction with publishing its own return on the website, the Department now also publishes an amalgamated return from each body/agency on a quarterly basis. The first amalgamated publication for bodies and agencies was published on October 15 2011.

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[1] Note: Government Decision S29296 does not alter the legal position in relation to late payments which stipulates that interest is accrued on commercial invoices which are not paid within 30 days of receipt of a valid invoice.

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