Multi-Sectoral Platform Against Late Payments (PMcM) is calling on listed companies to react “as soon as possible” to the future European regulation, which will require payment within a maximum of 30 days and could be voted on in the European Parliament on April 22 before final payment. be accepted by the Council of Europe and automatic application in all EU member states. The Regulation regulates its automatic implementation. late payment interest Sanctions will be imposed on those who do not comply with the maximum payment period of 30 days.
Applicable late payment interest will be equivalent to: Official price of the coin plus eight pointsAs stated by the president of PMcM on Tuesday, this rate will now be placed at 12.5%, Antoni Canete, A call was made to large publicly traded companies where the platform constitutes the largest late payment pool for SMEs: update your payment terms.
Before attending a forum at headquarters where new regulations will be announced and discussed European Parliament in Madrid, The head of the Platform Against Late Payments called for “responsibility” from the Spanish Government to ensure full compliance with future regulations. In this sense, Cañete denounced the “stalling” of two improvements brought by the Create and Grow Act in the fight against late payment: Observatory of Guilt and approval State SME Council Representatives of associations specialized in the field of late payment will also take part.
Collection in 61 days, payment in 120 days
Based on data obtained from statistics Central Balance Sheet, The Bank of Spain’s Platform Against Late Payments states that listed companies take on average 61 days to collect and make payments in an average of 120 days, doubling the legal period in Spain (and quadrupling the 30 days stipulated by the next European regulation). will install). This practice “seriously harms its suppliers, mostly SMEs And self-employment“, charges Cañete. “Some of these big companies hoard the liquid instead of distributing it to others Pay your suppliers on timeis financing itself at their expense in a certain way, thus violating the law through their use position of dominance”.
Additionally, the PMcM president denounced that the information criteria for access to information were not met. subsidies. As highlighted, the latest 2023 report Transparency and Good Governance Council It reveals that only 34.7% of the evaluated sample of organizations receiving subsidies and public aid complies with transparency obligations.
Default by economic sectors
Data on payment terms provided by Central Balance Sheet statistics allows analysis according to productive sectors. Thus the sector information and communication While it is the company with the most delay in invoice payments as the average payment maturity reached 337 days in the first half of 2022, it manages to collect its invoices in an average of 68 days.
This sector is being followed construction and real estate activitiesWith a payment period of 176 days (and collection within 99 days); trade and accommodation, 132 days (24 days collection); Although the sector collects its bills in an average of 66 days, industry and energy pay in an average of 72 days (collection within 50 days).