The Annual Appropriation Account of the department is audited by the Office of the Comptroller and Auditor General.
DRCD will publish details of payments made by the department with a value of, or in excess of, €20,000 on a quarterly basis.
The department will publish these details in line with the commitment in the Public Service Reform Plan.
Some payments may be excluded if their publication would be prevented under Freedom of Information legislation. Payments in relation to grants, for grants-in-aid, reimbursements, etc have also already been excluded.
It is a government requirement that all central government departments, the Health Service Executive, the local authorities and all other public sector bodies (excluding commercial semi-state bodies) pay their suppliers within 15 calendar days of receipt of a valid invoice.
This arrangement does not alter contractual relationships and does not change the legal position in relation to late payments.
The Department of Business Enterprise and Innovation collates and publishes the composite quarterly returns by central government departments of payments made to their suppliers within 15 days.
As part of the 15-day prompt payment requirement, government departments and relevant public sector bodies are required to publish on their respective websites, their quarterly payment performance reports. Government departments are also required to publish the quarterly composite reports covering the bodies under their aegis.
Prompt payment official notice
Small businesses can attach an official notice of the 15-day prompt payment requirement to relevant invoices. Small businesses themselves should refer instances of non-adherence to the relevant government department.
Compensation for recovery costs should be paid automatically to the supplier without the necessity of a reminder. The regulations provide that the following 'flat rates' should be used:
|Amount of Late Payment (i.e. Invoice Value)||Compensation Amount (€)|
|Not exceeding €1,000||40|
|Exceeding €1,000 but not exceeding €10,000||70|
In addition to the compensation for recovery costs set out in the above schedule, the 2012 regulations also entitles the supplier to obtain further recovery costs, for example, the cost of using a solicitor or employing a debt collection agency.