Translation of "encaisser les paiements " (French → English) :

1. Imprest accounts may be set up for the collection of revenue other than own resources and for the payment of small sums as defined in the delegated acts adopted pursuant to this Regulation.

Includes international payments and receipts for the authorised use of intangible, non-produced, non-financial assets and proprietary rights (such as patents, copyrights and industrial processes and designs) and the use, through licensing agreements, of produced originals or prototypes (such as manuscripts, computer programs, and cinematographic works and sound recordings).

This responsibility which was transferred to the minister from the former Department of Supply and Services Act covers a multitude of central financial and banking functions vital to government operations (1635) The duty of the receiver general includes the issuance of payments in response to inquiries, settlement and redemption of payments, performance of other treasury operations such as receipt processing, payment of banking fees relating to inflows and outflows from the consolidated revenue fund, maintaining the general ledger and preparing the financial statements of the government.

OBJECTIVES 2. TRANSPARENCY, INFORMATION AND TRAINING, VAT transparency a) payment periods in commercial contracts b) effects of late payment c) periods for raising any objections d) payment periods for public procurement contracts. management information and training a) drafting of commercial documents and contracts b) payment practices and recovery procedures c) cash-flow management tools + EDI d) techniques of debt-collection mitigating the fiscal effects of delays for small enterprises a) defer payment of VAT until invoice settled b) defer regular VAT returns 3.

To attain this objective, the Commission recommends that the Member States should: 1. reinforce transparency in contractual relations, improve training and information in businesses and mitigate the fiscal effects of late payments (for example by deferring payment of VAT until the corresponding invoice has been settled) 2. ensure adequate recompense in cases of late payment by recognizing a right to interest at a sufficiently dissuasive rate for late payments; 3. guarantee appropriate redress procedures by encouraging low-cost extra-judicial procedures and by simplifying judicial procedures; 4. eliminate difficulties specific to cross- ...[+++]border trade; 5. improve payment periods for public procurement contracts, by adhering to a maximum period of 60 days.

Electronic funds transfer at point of sale, by direct debiting, will give the retailer the advantages of immediacy of payment (as compared with the delays involved for him in receiving payment by cheque or by credit card), more rapid movement of customers through the "pay lines", and reduction in the amount of cash held on the premises and thereby greater physical security for persons.