However, if you still haven’t received a response, you may need a send a final notice stating that you will be charging interest on their late invoice payment. When is it acceptable to charge late payment interest? According to the Late Payment of Commercial Debts Act, you can claim ...
debtors under the "The Late Payment of Commercial Debts (Interest) Act 1998, as amended and supplemented by the Late Payment of. Commercial Debts Regulations 2002".The calculator will show you at a glance exactly how much of a financial penalty your company can claim from it's errant debtors...
October 15, 2024. Extending the deadline allows additional time to complete the filing process but does not extend the time frame for tax payment. It is important to note that any outstanding tax obligations or a reasonable estimation of the owed amount were originally...
The statutory right to interest and compensation, introduced under the Late Payment of Commercial Debts(Interest)Act 1998,appl ies to al l contracts agreed after 7August 2002 Late payments create cashflow problems and expose businesses to the risk that they wi l l not be paid This briefing cov...