An Act to make provision with respect to interest on the late payment of certain debts arising under commercial contracts for the supply of goods or ...

The interest you can charge if another business is late paying for goods or a service is 'statutory interest' - this is 8% plus the Bank of England base rate ...

Learn about late payment law and interest and compensation of up to £100 per overdue invoice using the Late Payment of Commercial Debts (Interest) Act 1998.

17 окт. 2024 г. · The generous rate of statutory interest under the Late Payment of Commercial Debts (Interest) Act 1998, at 8% above the base rate, is a valuable ...

An Act to make provision with respect to interest on the late payment of certain debts arising under commercial contracts for the supply of goods or services; ...

The Late Payment of Commercial Debts (Interest) Act 1998 allows a creditor to add interest to any debt claim at the rate of 8%, plus the relevant Bank of ...

The Late Payment of Commercial Debts (Interest) Act 1998 adds an implied term in business-to-business contracts for the supply of goods and services, ...

Late payment interest is payable if: · Enterprises are automatically entitled, without the necessity of a reminder, to interest for late payments · Where late ...

23 мар. 2023 г. · The Late Payment of Commercial Debts (Interest) Act 1998 provides businesses with the statutory right to charge interest on late payments.

If there is no agreed credit period, then the Late Payment of Commercial Debts (Interest) Act sets a default period of 30 days after which interest can run.