Combating Late Payments in the EU

by name voted on 23.04.2024

Summary

A proposal to combat late payments in EU commercial transactions by setting standard 30-day payment terms and strengthening enforcement.

10 23.04.2024

Report

economy

public administration

business and competition

simplification of legislation

Key points

The regulation aims to establish a standard payment period of 30 days for most commercial transactions.
Contractual flexibility allows for payment periods to be extended up to 60 days if mutually agreed.
Special provisions allow for up to 120 days of payment for slow-moving or seasonal goods.
Debtors must pay automatic flat-fee compensations for recovery costs, ranging from 50 to 150 EUR depending on invoice value.

Vote

PPE

S&D

Renew

PfE

Verts/ALE

ECR

The Left

NI

ESN

Total

Documents (PDFs)

DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council on combating late payment in commercial transactions REPORT on the proposal for a regulation of the European Parliament and of the Council on combating late payment in commercial transactions Combating late payment in commercial transactions

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