Changes to legislation: There are currently no known outstanding effects for the The Late Payment of Commercial Debts Regulations 2002.

These Regulations may be cited as the Late Payment of Commercial Debts Regulations 2002 and shall come into force on 7th August 2002.

The Late Payment of Commercial Debts Regulations 2002, as amended by the Late Payment of Commercial Debts Regulations 2013, allow a creditor to charge statutory ...

A late payment is defined as where the agreed credit period given by the supplier to the purchaser has expired. If no credit period has been specified by ...

A payment is regarded as late when 30 days have elapsed unless an alternative payment period is specified in an agreed contract. The interest rate chargeable ...

The term Late Payment legislation refers to the Late Payments of Commercial Debts. (Interest) Act 1998, the Late Payment of Commercial Debts Regulations 2002 ...

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.

From 7th August 2002 the Act has become fully effective under the terms of the Regulations, allowing statutory interest to be claimed by all businesses and ...

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.

4 апр. 2008 г. · A User's Guide to Payment Legislation: The Late Payment of Commercial Debts (Interest) Act as amended and supplemented by the Late Payment ...