Part i: how the statutory right to claim interest works. If they do so, the act will not apply. To contact an advisor call 0800 138 5445. Introduction free newsletter sign- up to the. The information on these pages is provided free and for information only, and is provided 'as is'.

How do i tell clients that i will charge them interest if they pay late?Late payment of commercial debts calculator interest and compensation. Definitions in the new late payment legislation. Copies of the late payment act and subsequent changes statutory instruments can be viewed on the hmso web- site. Debt due date on or after between and no later than statutory rate 1 st january 2005 30 th june 2005 12. 75. morgage deals The day the purchaser receives notice of the debt. Introduction free newsletter sign- up to the.

It will be struck down by the courts and the terms of the late payment legislation will apply to the contract. The method of payment you will accept visa, cheque, online payments. How can i avoid anyone claiming interest from me?Only a representative body may apply to the high court under this regulation. Sorry to safari browser users - try other browsers please 1: what was agreed - what the contract is. Late payment of commercial debt. The late payment of commercial debts regulations 200.

Your rights and how the changes to the late payment legislation will affect them. A claim for interest does not need to be made straight away. In any other case, the relevant day is the last day of the period of 30 days beginning with.