If cashflow is the lifeblood of commerce then The
Late Payment of Commercial Debts Regulations offers a much welcome shot
in the arm.
From 16 March 2013, if payment for goods or services has not been made within 30 days, late payment interest begins to accumulate. Helpfully this applies to both in the private sector and with public authorities.
The start date for the 30 day period is the latest of the date of receipt of the invoice, the delivery date for goods or services, and verification or acceptance of the goods or services.
From 16 March 2013, if payment for goods or services has not been made within 30 days, late payment interest begins to accumulate. Helpfully this applies to both in the private sector and with public authorities.
The start date for the 30 day period is the latest of the date of receipt of the invoice, the delivery date for goods or services, and verification or acceptance of the goods or services.
