Packing a small punch
Packing a small punch
- 2000
- Daily Telegraph 30 October 2000, 31(1) .
So far the Late Payment of Commercial Debts (Interest) Act 1998 has been largely ignored, but the right to levy interest on late payment from large companies has now been extended to small companies. It is anticipated that the change in the Act may lead to it becoming more widely used and effective. Further information available at www.dti.gov.uk/latepay
LATE PAYMENT OF COMMERCIAL DEBTS (INTEREST) ACT 1998
DEBT
LATE PAYMENT
INTEREST
SMALL BUSINESSES
So far the Late Payment of Commercial Debts (Interest) Act 1998 has been largely ignored, but the right to levy interest on late payment from large companies has now been extended to small companies. It is anticipated that the change in the Act may lead to it becoming more widely used and effective. Further information available at www.dti.gov.uk/latepay
LATE PAYMENT OF COMMERCIAL DEBTS (INTEREST) ACT 1998
DEBT
LATE PAYMENT
INTEREST
SMALL BUSINESSES