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Prompt Payment of Accounts Act, 1997

The Environmental Protection Agency comes under the remit of the Prompt Payment of Accounts Act, 1997, which came into effect on 2nd January 1998, and the European Communities (Late Payment in Commercial Transactions) Regulations 2002 which came into effect on 7th August 2002.

It is the policy of the EPA to ensure that all invoices are paid promptly. Specific systems and procedures have been put in place to enable invoices to be tracked and to ensure that payments are made before their due date. Purchase invoices are logged on a daily basis in Accounts Section, and are followed up systematically to ensure that they are certified for payment without delay. Payments are issued as required to ensure prompt payment.

These controls are designed to provide reasonable, but not absolute, assurance against material non-compliance with the Act and Regulations.

There were 429 late payments with values in excess of €317 during 2007 and these exceeded the due payment date by an average of 23 days. The value of these late payments was €1,457,271. Overall, late payments represented 4.9 % of the total value of payments covered by the Act, with total associated penalty interest of €8,804.