In May 2009, Government Decision of 19 May 2009 put in place formal arrangements to reduce the payment period for Government Departments from 30 days to 15 calendar days.
This Prompt Payment obligation was extended to the HSE, Local Authorities, State Agencies and all other public authorities (excluding commercial Semi-State bodies) in March 2011 (Government Decision of 2 March 2011 and Government Decision of 8 March 2011 refer).
In March 2017 these bodies were obligated to report quarterly on their compliance with the Government’s 15 Day Prompt Payment Commitment using a revised payment performance template (Government Decision of 28 March 2017).
The data fields included in the report are:
• The total number and value of payments made in the quarter
• The number, value and percentage of payments made within 15 days
• The number, value and percentage of payments made within 16-30 days
• The number, value and percentage of payments made in excess of 30 days that were subject to Late Payment Interest and compensation costs
• The number, value and percentage of payments made in excess of 30 days that were not subject to late payment interest and compensation costs
• Amount of late payment interest paid in the quarter
• Amount of compensation costs paid in quarter
Templates are provided of the report to be completed by Government Departments and the report to be completed by HSE, Local Authorities, State Agencies and all other public authorities (excluding commercial Semi-State bodies).
Prompt Payment Report
Prompt Payment Report