Oireachtas Joint and Select Committees
Tuesday, 25 September 2018
Joint Oireachtas Committee on Agriculture, Food and the Marine
Scrutiny of EU Legislative Proposals (Resumed)
3:30 pm
Paul Daly (Fianna Fail) | Oireachtas source
Could the change brought about by the provision that a buyer must pay no later than 30 calendar days after the end of the month in which deliveries have been made have negative repercussions for some suppliers? If a supplier had 30-day contracts, those could become 60-day contracts because under the directive if one sells something on the 1st of a month the buyer is not obliged to make payment until 30 days after the month of supply. That could double the period of credit from one to two months if the product is supplied at the start of a month.
No comments