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What We Do

Prompt Payment Code

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 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 & 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

Application to become a signatory to the ‘Prompt Payment Code’