Public consultation on the proposal for a regulation on combating late payment in commercial transactions
From Department of Enterprise, Trade and Employment
Published on
Open for submissions from
Submissions closed
Last updated on
From Department of Enterprise, Trade and Employment
Published on
Open for submissions from
Submissions closed
Last updated on
Consultation is closed
The Department of Enterprise, Trade and Employment is seeking the views of stakeholders on the EU proposal for a regulation on combating late payment in commercial transactions.
The EU is proposing to replace Directive 2011/7/EC on combating late payment in commercial transactions (Late Payment Directive) with a regulation.
The proposal is aimed at addressing shortcomings in the Directive that have been identified through studies and stakeholder consultations in the review of the current regulatory framework.
The Commission is proposing this new regulation with the aim of improving the payment discipline of public authorities, large companies and SMEs, while protecting businesses from the negative effects of payment delays in commercial transactions through, preventing late payment from occurring, promoting fairness between parties in commercial transactions, facilitating timely payments and strengthening redress systems.
The proposal will mean significant changes to the current rules which aim to addressing shortcomings identified in the Directive:
Views from stakeholders and interested parties are requested no later than 5pm on Tuesday, 14 November 2023.
Submissions should be marked ‘Proposal for EU Regulation on combating Late Payments’ and should be emailed to accesstofinance@enterprise.gov.ie
Further information is available at: