Prompt Payment of Accounts Act, 1997
CSO is committed to complying fully with the terms of the Prompt Payment of Accounts Act, 1997 (links to the Houses of the Oireachtas website) as amended by the Late Payment in Commercial Transactions Regulations 2002 (links to the website of of the Office of the Attorney General) which came into operation on 2 January, 1998 and updated with effect from 8 August 2002.
The Act requires the Office to pay for the supply of goods or services by the "prescribed payment date". The prescribed payment date is the date specified in a written contract and if there is no written contract or if the payment date is not specified in the written contract, payment must be made within 30 days of receipt of an invoice or date of supply whichever is the later.
If payment is not made by the due date, the Office must pay an interest penalty on the amount outstanding. Interest must be paid in respect of the period beginning on the date after the due date of payment and ending on the date on which the payment is made. The interest payment cannot be waived by the supplier.