Tuesday October 20, 2020

Late payments hit Irish businesses for nearly 3% of turnover

Irish businesses are lost an estimated 2.8 per cent of total turnover in 2012 due to late payment, a seminar in Dublin heard today.

15th January, 2013

Irish businesses are lost an estimated 2.8 per cent of total turnover in 2012 due to late payment, a seminar in Dublin heard today.

The average delay in days in 2012 was 31 days for business to business transactions and 13 days for public authorities to business, the seminar, which was hosted by the EU Commission, was told. It was held to raise awareness of the problem.

Latest statistics at European level highlight that late payment has continued to rise...

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