Dáil Éireann Debate, Wednesday - 4 July 2012
68 Deputy Olivia Mitchell asked the Minister for Finance the average time lapse between receipt of invoices for goods and services and actual payment in his Department and in each agency and organisation within his remit; and if he will make a statement on the matter. [32600/12]
Amharc ar fhreagraIn response to the Deputy's question the average time lapse between receipt of invoices for goods and services and actual payment in my Department is 10.48 days. This information is taken from data compiled for Prompt Payments Returns to the Department of Jobs, Enterprise and Innovation, dealing with payments that issue to the private sector, as opposed to transfers to other parts of the civil/public service.
In relation to bodies under the aegis of my Department I have been provided with the following details in relation to the time lapse between receipt of invoices for goods and services and actual payment to suppliers.
Revenue Commissioners
The Office of the Revenue Commissioners has advised me that the average time lapse between receipt of invoices, in Revenue, for goods and services and issue of payment is 6 calendar days based on the first 6 months of 2012.
Fiscal Advisory Council
The Fiscal Advisory Council has advised me that all practices in place in their body are in line with the Prompt Payment of Accounts Act and that the average time between receipt of invoices for goods and services and actual payment in not more than 10 days.
National Treasury Management Agency (NTMA) and related agencies
The NTMA and related agencies endeavour to process all supplier payments in a timely manner. Where payments to a supplier exceed €10,000 in any 12-month period, in accordance with Revenue Circular 43/2006, the NTMA will seek a valid Tax Clearance Certificate from the supplier. Payment will be withheld until a valid Tax Clearance Certificate is available.
Based on an assessment of information over the first six months of 2012, the average period from receipt of invoice to payment is 25 days for the NTMA and related agencies. Delays in payment while awaiting a valid Tax Clearance Certificate or due to any other query are reflected in this timescale.
