In this issue
SFA Annual Subscription
E Day – 19th September 2014
Managing Employees Annual Leave
Government Jobs Campaign – Skills to Work
4 Weeks Unpaid Work Placement Opportunities – DCU/Oscail MSc
Ibec Consumer Monitor 2014
AIB announces €200 million fund to support exporting companies
Green Enterprise Funding Proposals Now Open for SMEs
Workplace Dress Code during the Hot Weather
Late Payments Legislation - Interest Rate Change as of the 1st July 2014
Events
SFA Annual Lunch 2014 – Guest of Honour President Michael D. Higgins
 
Read more »
SFA National Small Business Awards 2015
 
Read more »
Meet the Buyer Event – Wednesday 13th August
 
Read more »
Useful links
Become a member »How we support you »Renew membership »Advice »SFA Connect »News » Contact us »Events and Training »
Late Payments Legislation - Interest Rate Change as of the 1st July 2014
 

Under the Late Payment in Commercial Transactions Regulations, interest at the rate of the European Central Bank rate plus 8% can be applied to payments made after a 30 day payment period has expired (in the absence of a written contract specifying an alternative payment period).  As of 1st July 2014, the current rate is 8.15%, which equates to a daily rate of 0.022%.  Penalty interest due for late payments should be calculated on a daily basis.

A copy of the SFA Guide on Late Payments can be downloaded by clicking here. 

A copy of the SFA template “Terms & Conditions of Trade” can be downloaded by clicking here

For specific queries on late payments, please contact the SFA, Tel: 01-605 1633/1664/1668 or e-mail: info@sfa.ie.