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

Photo of Paul DalyPaul Daly (Fianna Fail) | Oireachtas source

Does it provide a potential loophole for multinationals? Under the provision stipulating that a buyer must pay no later than 30 days after the month of supply and contrary to the current situation whereby one may supply on the 1st of a month and get paid within 30 days, a smart alec in a multinational may think there is a loophole and that the multinational is permitted under EU legislation not to pay a supplier for 60 days.

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