S.I. No. 74/2013 - European Communities (Late Payment in Commercial Transactions) (Amendment) Regulations 2013. Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.
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- s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2013 S.I. No. 74/2013 - European Communities (Late Payment in Commercial Transactions) (Amendment) Regulations 2013. S.I. No. 74/2013 - European Communities (Late Payment in Commercial Transactions) (Amendment) Regulations 2013. AmendmentsLeasuithe Download PDF Íoslódáil PDF Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 8th March, 2013. I, RICHARD BRUTON, Minister for Jobs, Enterprise, and Innovation, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972) and for the purpose of giving further effect to Directive No. 2011/7/EC of the European Parliament and of the Council of 23 February 20111 , hereby make the following regulations: 1. These Regulations may be cited as the European Communities (Late Payment in Commercial Transactions) (Amendment) Regulations 2013. 2. The European Communities (Late Payment in Commercial Transactions) Regulations 2012 ( S.I. No. 580 of 2012 ) are amended by substituting the following for Regulation 4: “Commercial transactions — implied term as to statutory late payment interest 4.
(1)It shall be an implied term of every commercial transaction that where the purchaser does not pay for the goods or services concerned by the relevant payment date, the supplier shall, subject to paragraph
(3), be entitled to interest, (in these Regulations referred to as ‘statutory late payment interest’) without the necessity of a reminder, on the amount outstanding under the contract concerned at the rate specified in Regulation 5.
(2)The supplier shall be entitled to statutory late payment interest on the said amount outstanding for the period beginning on the day after the relevant payment date and ending on the date on which the payment of the amount due is made.
(3)A supplier shall be entitled to statutory late payment interest to the extent that the supplier— (
- a)has fulfilled his or her contractual and legal obligations, and (
- b)has not received the payment due by the relevant payment date, unless the purchaser is not responsible for the late payment.”. GIVEN under my Official Seal, 1 March 2013. RICHARD BRUTON, Minister for Jobs, Enterprise and Innovation. EXPLANATORY NOTE (This note is not part of the Instrument and does not purport to be a legal interpretation.) The purpose of this amendment is to correct an anomaly (incorrect paragraph cited) in Regulation 4. 1 OJ No. L48, 23.2.2011, p1. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais