Prompt Payment of Accounts
The NDA is committed to ensuring that suppliers are paid promptly, in line with Government requirement.
Payment of invoices by the NDA is governed by the Prompt Payment of Accounts Act, 1997 as amended by the European Communities (Late Payment in Commercial Transactions) (S.I. No. 580 of 2012). The Regulations, which apply equally to the public and private sectors, provide an automatic entitlement to interest and compensation if payment for commercial transactions is late.
The Government introduced a further non-statutory requirement in June 2009 to reduce the payment period by Government Departments and Offices to their suppliers from 30 to 15 days. Every effort, consistent with proper financial procedures, is being made to ensure that all suppliers are paid within this timeframe.
In this regard, suppliers can help by ensuring that they provide correct invoices, accurate bank account details and by ensuring that their Tax Clearance status with the Irish Revenue Commissioners is up to date.