Author name: Clara Gobrecht

Clara is our Customer Success Manager here at Know-it!

Late Payment Act: What are you entitled to claim?

The Late Payment of Commercial Debts The Late Payment of Commercial Debts Act was introduced by the UK Government in 1998 to give businesses a statutory right to claim interest from other businesses for late commercial payment. In 2002 changes were made to the legislation so that all businesses could also claim reasonable costs for …

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