BadCop › Late fees by jurisdiction › Ireland

Late payment interest on invoices in Ireland

Ireland implements the EU Late Payment Directive through the Late Payment in Commercial Transactions Regulations 2012: statutory interest at the ECB rate plus 8 percentage points, and automatic compensation starting at €40 per late invoice, without needing a reminder.

The rules

• Statutory interest from 1 July 2026: 10.4% per annum (ECB rate 2.40% plus 8%), applied daily at 10.4% ÷ 365. The rate resets every 1 January and 1 July.
• Compensation for recovery costs is automatic: €40 for debts under €1,000, with a rising scale for larger amounts set out in the Regulations' schedule.
• Applies to business-to-business and business-to-public-body transactions; public bodies are expected to pay within 30 days under the Prompt Payment code.
• The default payment period is 30 days unless otherwise agreed; longer B2B terms must not be grossly unfair.
• The right exists even if your contract says nothing about interest, but your own reasonable terms can replace it.

Configuring it in BadCop

Use late_fee_pct of about 0.87 per month (10.4% a year) and late_fee_flat = 40. Cite "statutory interest under the European Communities (Late Payment in Commercial Transactions) Regulations 2012" in the final notice.

Work the numbers with the late-fee calculator, and see the final-notice template that applies the fee.

Sources

• Late payment interest rate (Department of Enterprise, Tourism and Employment)
• Late payment in commercial transactions (DETE)
• Late payment laws Ireland: statutory interest and business rights (Browne Legal)

General information, not legal advice. Verified against the sources above in September 2026; rates and rules change. If money is at stake, ask a lawyer or accountant in your jurisdiction.