Amendments To The Original Legislation
- Late Payment of Commercial Debts Regulations 2002.
The original legislation was altered from 1 November 2000 to allow small businesses to claim statutory interest from other small businesses.
From 1 November 2002, all businesses, including public sector organisations, have been entitled to claim interest from any other business or organisation, including small businesses.
Read more about this topic: Late Payment Of Commercial Debts (Interest) Act 1998
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