reserves the right to charge interest in accordance withtheLate Payment of Commercial Debts(Interest) Act 1998 as amended. recruiterz.co.uk recruiterz.co.uk 在不损害任何其他补救措施,Recruiterz保留权利收取利息按逾期付款的商业债务(利息)作为修订法案1998。
The article focuses on the British Late Payment of Commercial Debts (Interest) Act of 1998, which now applies to all businesses and public sector bodies. This enables creditors to charge interest for goods or services provided under contract if not paid for by the due date. Interest begins to...
The law allows for interest to be charged against late payment of commercial debts. This explains how to go about notifying and charging the interest.
The new measures mean that: Statutory interest continues to accrue at 8 per ... L Phoenix - 《Construction News》 被引量: 0发表: 2013年 LEGAL ADVICE COLMN conditions to state that you reserve the right to charge interest and (under the Late Payment of Commercial Debts (Interest) Act ...
Section 5A(2A) of the Late Payment Act 1998 For the sake of the word count, I will refer to theLate Payment of Commercial Debts (Interest) Act 1998, as amended by theLate Payment of Commercial Debts Regulations 2013, as the Late Payment Act 1998. ...
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 ...
That is why the Late Payment of Commercial Debts (Interest) Act was introduced in 1998, allowing smaller companies to charge interest. Now the law has been extended to cover all firms - large or small and in both the public and private sector - which means that even the smallest firms ...
By way of comparison, and although we appreciate that the Proposed Regulation will not apply to the UK, the existing late payment laws implemented in the UK pursuant to the Late Payments of Commercial Debts (Interest) Act 1998 (as amended to comply with the Late Payment D...
Warns that the United Kingdom Late Payment of Commercial Debts (Interest) Act 1998 will require public sector organizations to meet a 30-day deadline straight away, while its private sector suppliers will have four years' grace before penalties hit them for deadlines of up to 180 days. Suggest...
Interest on late payments Al l businesses have a legal right to claim interest from late-paying customers. 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...