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Document 52023PC0533
Revision of EU rules on late payments (Late Payments Directive)
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on combating late payment in commercial transactions
- Initiative summary:
- EU rules on late payments have triggered a reduction in payment delays. However, still more than 60% of businesses in the EU are not paid on time and small and medium-sized enterprises are most affected. The initiative will provide relief to SMEs by revising existing EU payment rules based on available and upcoming evidence to promote a definitive shift towards a culture of “prompt payment".
- EuroVoc thesaurus:
- inre marknad; varor och tjänster; betalningsperiod; avtalsklausul; affärshändelse; små och medelstora företag
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- Documents:
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Ares(2023)219034 (Call for evidence for an impact assessment)
Ares(2023)2580317 (Factual summary report of the public consultation) - Leading service:
- Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs
- Planned adoption period:
- 01/07/2023 - 30/09/2023
- Check the status of this initiative on the Better Regulation Portal
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- Consultation type:
- Stakeholder feedback
- Consultation duration (weeks):
- 4
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- Consultation type:
- Public consultation
- Consultation duration (weeks):
- 8
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- Consultation type:
- Stakeholder feedback
- Consultation duration (weeks):
- 4
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- Documents:
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Proposal for a regulation
Impact assessment
SWD/2023/313 final (Summary of impact assessment)
Staff working document - Leading service:
- Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs
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- Consultation type:
- Stakeholder feedback
- Consultation duration (weeks):
- 8