Which is it, 30 or 60 days from date of invoice?

Hi

In the absence of terms, the legislation says the invoice is due within 30 days of the invoice being received (not sent or the date of the document).

Regarding this:-

" From 16 march 2013 the late payment legislation was amended:

Private sector must pay within 60 days;
Public sector must pay within 30 days;

This was referring to the terms to the terms that can be agreed and still be viewed as valid.

i.e. if no term have been agreed, it's 30 days, but if terms are agreed there is a maximum of 60 days. So if a big supermarket tries to impose 90 days terms on its suppliers, the courts should say that unless there is a demonstrable reason why those terms are needed for that transaction then actually the invoice was actually due in 60 days, regardless of the terms.

Hope that answers your query

James

you are welcome Dave