Prompt Payments

B.I.M financial procedures comply with Statutory Instrument No. 580 of 2012 in addition BIM has signed up to the prompt payments code of conduct portal.

1. By signing up to the code of conduct portal B.I.M is showing its commitment to these regulations. In order to ensure compliance, we are requesting suppliers to meet the following requirements when submitting invoices. All invoices must be addressed directly to:
   Bord Iascaigh Mhara,
   Accounts Department,
   Crofton Road,
   Dun Laoghaire,
   Co. Dublin or email to invoices@bim.ie
2. All invoices must quote a valid BIM Purchase Order Number.
3. Suppliers must furnish a current Tax Clearance Certificate in advance of submission of an Invoice and it is the obligation of the supplier to renew and ensure that a valid Tax Clearance Certificate remains in place at all times. In the case of all public sector contracts of a value of €10,000 (inclusive of VAT) or more within any 12- month period, the contractor (and agent or sub-contractor as appropriate) will be required to produce either a valid tax clearance certificate or a C2 certificate. This is a mandatory requirement. Full details on tax clearance procedures may be found on the Revenue Commissioners website.
4. The Invoice must be correct and must contain all necessary information to enable the invoice to be certified. Bord Iascaigh Mhara considers an invoice received only when it is received by Accounts Payable, Finance, quoting a valid Purchase Order number.

Where these conditions are complied with you will receive payment within 30 days. Failure to meet any of these conditions will result in the Invoice being returned to supplier under dispute and payment will be delayed. Disputes regarding invoices will be dealt with by Accounts Payable, who can be contacted via email accountspayable@bim.ie or by phone at (01) 214 4100

Legislation

Payment of invoices by Bord Iascaigh Mhara is governed by the Prompt Payment of Accounts Act, 1997 as amended by the European Communities (Late Payment in Commercial Transactions) (S.I. No. 580 of 2012). The Regulations, which apply equally to the public and private sectors, provide an automatic entitlement to interest and compensation if payment for commercial transactions is late.

15-Day Payment Requirement, July 2011

The Government extended the non-statutory requirement applicable to Central Government Departments to all public bodies from July 2011, to reduce the payment period by Public Bodies to their suppliers from 30 to 15 days. Every effort, consistent with proper financial procedures, is being made to ensure that all suppliers are paid within this timeframe.

Prompt Payment Returns

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