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Prompt Payment Code of Conduct
From Department of Enterprise, Trade and Employment
Published on
Last updated on
The Prompt Payment Code is an initiative developed by business for business, with the aim of improving cash flow between businesses and moving towards a culture of providing payment certainty.
The Code is supported by the department and by our partners, the Irish Small and Medium Enterprises Association (ISME), the Small Firms Association (SFA), the Irish Business and Employers Confederation (IBEC), Chambers Ireland and The Banking and Payments Federation Ireland (BPFI).
This means paying them:
- within the terms agreed at the outset of the contract, and not attempting to change the terms retrospectively
or
- within 30 days in accordance with legislation
You can demonstrate to your suppliers that you take this matter seriously and make this pledge by becoming a signatory to the ‘Prompt Payments Code’.
Becoming a signatory to the ‘Prompt Payment Code’ does not alter contractual relationships and does not change the legal position in relation to late payments.
