Dáil Éireann Debate, Wednesday - 15 September 2021
156. Deputy Catherine Murphy asked the Taoiseach the amount paid in late interest payments and penalty payments by his Department in each of the years 2017 to 2020 and to date in 2021 in respect of late payments being made to suppliers, service providers and contractors, in tabular form; and the measures the Department has put in place and-or is implementing to reduce late payment interest and penalty payments. [44012/21]
View answerThe following table details the amount of Prompt Payment Interest and compensation paid by my Department from January 2017 to the end of June 2021, which are the latest available figures.
These figures are published on the Department's website on a quarterly basis and reported to the Department of Enterprise, Trade and Innovation in compliance with the Late Payments in Commercial Transactions Regulations 2012. My Department has appropriate procedures in place through its financial management system to monitor outstanding purchase orders and invoices to ensure suppliers are paid on time and in accordance with the Government's 15 day prompt payment commitment.
|
Year |
Compensation € |
Interest amount € |
Total PPI € |
|
2017 |
330 |
326.84 |
€656.84 |
|
2018 |
900 |
80.43 |
€980.43 |
|
2019 |
780 |
271.74 |
€1,051.74 |
|
2020 |
506.28 |
155.74 |
€662.02 |
|
2021 |
190 |
3.78 |
€193.78 |
