Payment Terms Legislation In Ireland
Please click here to view payment terms for the European Union.
The European Communities (Late Payment in Commercial Transactions) Regulations 2012 enacts the EU Late Payment Directive (see European Union for details). Additionally, in practice government entities target payment within 15 days rather than 30.
The Construction Contracts Act 2013 applies to contracts awarded after 25 July 2016. Main contractors are able to negotiate terms with clients however terms to subcontractors are limited to 30 days, or 15 days for work lasting less than 45 days.
The Prompt Payment Code & Prompt Payment Portal launched in March 2015 with the aim of promoting best practice in prompt payment in line with agreed terms or a 30 day maximum.
See European Union for the Directive on Unfair Trading Practices in the Food Supply Chain which was adopted on 30 April 2019.
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