Moves to help tackle late payers
Moves to help tackle late payers
- 2002
- DTI News Release (P/2002/520) 7 August 2002 (3) .
A new raft of measures to combat late payment came into force on 7 August. The changes allow businesses owed money to claim up to £100 in debt recovery costs for time spent chasing each unpaid bill. DTI news release http://www.nds.coi.gov.uk/coi/coipress.nsf/7e4cd219f1e58adf802565250034fa39/d62b2ba378ba14c480256c0e002daa46?OpenDocument The DIT's Small business service has published a guide "A user's guide to late payment legislation" available to download from the Better payment practice group website at www.payontim.co.uk or http://www.dti.gov.uk/latepay/latepaymentguide.pdf
BUSINESSES
LATE PAYMENT
COMPENSATION CLAIMS
DTI
REFORMS
A new raft of measures to combat late payment came into force on 7 August. The changes allow businesses owed money to claim up to £100 in debt recovery costs for time spent chasing each unpaid bill. DTI news release http://www.nds.coi.gov.uk/coi/coipress.nsf/7e4cd219f1e58adf802565250034fa39/d62b2ba378ba14c480256c0e002daa46?OpenDocument The DIT's Small business service has published a guide "A user's guide to late payment legislation" available to download from the Better payment practice group website at www.payontim.co.uk or http://www.dti.gov.uk/latepay/latepaymentguide.pdf
BUSINESSES
LATE PAYMENT
COMPENSATION CLAIMS
DTI
REFORMS