EU Late Payment Directive 2011/7/EU - B2B and B2G Payment Terms and Statutory Interest

What EU Late Payment Directive 2011/7/EU - B2B and B2G Payment Terms and Statutory Interest requires

Directive 2011/7/EU of the European Parliament and of the Council on combating late payment in commercial transactions establishes mandatory payment terms, statutory interest rates, and recovery cost compensation throughout the EU. Article 3 sets the default B2B payment period at 30 days with a contractual maximum of 60 days; any agreement deviating beyond 60 days requires express agreement and must not be grossly unfair to the creditor. Article 4 sets a 30-day default for public authority debtors with a maximum contractual extension to 60 days. The statutory interest rate for late payment is the European Central Bank reference rate plus 8 percentage points. Article 6 entitles the creditor to a minimum EUR 40 fixed-sum compensation for recovery costs when statutory interest becomes payable, without the need to prove actual costs. Article 7 renders unfair contract terms or practices that exclude or restrict the creditor's rights unenforceable. The Directive repealed and replaced Directive 2000/35/EC and applied from March 16, 2013.

Pillar: Operations & CX · Authority: European Commission (DG Internal Market, Industry, Entrepreneurship and SMEs) · Version: 1.0.0 · Last updated: 2026-05-02

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32011L0007

SHA-256 integrity: 9cf7e89f45ef671eda884976e2fb9f8e1995f6774b5d715640e2e6c0e5e006ca

Primary Citations — 7 traced to source

• Directive 2011/7/EU of the European Parliament and of the Council of 16 February 2011 on combating late payment in commercial transactions (recast) - OJ L 48/1, 23.2.2011; applied from March 16, 2013
• Directive 2011/7/EU Article 3 - B2B transactions: 30-day default payment period; 60-day maximum contractual extension; automatic statutory interest without prior notice

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