Providing payment certainty to suppliers.
The Prompt Payment Code is an initiative developed by business for business, with the aim of improving cashflow between business and moving towards a culture of providing “payment certainty”.
The Code is supported by the Department of Enterprise, Trade and Employment 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).
Payment certainty is a pledge to pay your suppliers on time
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.
Benefits of the Prompt Payment Code
Benefits of the Prompt Payment Code
Signatories pledge
Prompt Payment Code - Signatories pledge
Application to become a signatory
Apply to become a signatory
View and search current Prompt Payment Code signatories
Prompt Payment Code - Data Protection Statement