{"id":15149,"date":"2024-05-16T09:43:33","date_gmt":"2024-05-16T07:43:33","guid":{"rendered":"https:\/\/www.impulso.es\/new-national-observatory-on-private-late-payment\/"},"modified":"2026-11-06T13:43:28","modified_gmt":"2026-11-06T11:43:28","slug":"new-national-observatory-on-private-late-payment","status":"publish","type":"post","link":"https:\/\/www.impulso.es\/en\/new-national-observatory-on-private-late-payment\/","title":{"rendered":"NEW NATIONAL OBSERVATORY ON PRIVATE LATE PAYMENT"},"content":{"rendered":"

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NEW NATIONAL OBSERVATORY ON PRIVATE LATE PAYMENT<\/h1>
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If you have a grant or are planning to apply for one, this is important to read<\/h2><\/div>[vc_column_text css=”.vc_custom_1715845810886{margin-right: 20px !important;margin-left: 20px !important;padding-top: 20px !important;}”]The Council of Ministers<\/strong> approved, on April 30, Royal Decree 439\/2024, of April 30, amending the regulation of the National Council for SMEs<\/strong> and creating the National Observatory on Private Late Payment<\/strong>, which was published in the Official State Gazette (BOE) on May 1.<\/p>\n

What functions will this Observatory have?<\/strong><\/p>\n

Among its functions are the systematic monitoring and evaluation of late payment<\/strong> trends, the preparation of the annual report<\/strong>, the development of codes of good practice, the formulation of action proposals, monitoring of EU guidelines on this matter, the preparation, approval, and publication of a list of non-compliant companies<\/u><\/strong>, acting as an advisory body, and the adoption of dispute resolution mechanisms.<\/p>\n

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What should companies bear in mind when applying for or justifying aid subject to the General Subsidies Act?<\/strong><\/p>\n

On an annual basis, the Observatory will prepare a report on the payment deadline situation<\/strong>, which will be presented to and approved by the National Council for SMEs.<\/p>\n

It will also prepare an annual list of non-compliant companies, <\/strong>as of the reference date of December 31 of the previous year, based on complete invoice payment information provided by the Spanish Tax Agency (AEAT) through electronic invoicing<\/strong>.<\/p>\n

This list of non-compliant companies will include all private companies that have failed to meet the payment deadlines set out in the sixth final provision of Law 18\/2022, of September 28.<\/p>\n

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Why is it important not to be on that list?<\/strong><\/p>\n

In September 2022, Law 18\/2022, of September 28, on the Creation and Growth of Companies, was published in the Official State Gazette (BOE). This law amended the General Subsidies Act, introducing two important changes:<\/p>\n