Prompt Payment Legislation

Payment of invoices by University of Galway is governed by the Prompt Payment of Accounts Act, 1997 as amended by the European Communities (Late Payment in Commercial Transactions) Regulations 2002. The legislation provides for the payment of interest on valid invoices which are unpaid after 30 days from the date of receipt.  Interest is calculated in respect of the period starting on the date after the due date and ending on the date when payment is made.

Late Payment in Commercial Transactions - DETE (enterprise.gov.ie)

https://www.universityofgalway.ie/financialsystem/webpurchasing/paymentsandsuppliers/

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