SFA Guideline on Late Payments Legislation

Transposition of the Late Payment Legislation came into effect on 16 March 2013. The Directive seeks to address the problem of late payments. Given the wide disparity in current average payment periods throughout Europe it is hoped these updated measures will ease cross-border trading difficulties and help promote a culture of Prompt Payment in Ireland. The Directive also sets out the late payment interest to be automatically levied on overdue payments. ...

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