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Collecting post payment...

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14 years 4 months ago #58 by Techie
Collecting post payment... was created by Techie
On your site you say you ought not to *invoice* for late payment charges and interest but to set it out in writing and I have done this. However, elsewhere (Business Link) I have read that an invoice for these should be provided. Please could you advise?

Can I charge for late payments where the payment has been settled late (after the settlement date and where an indication that late payment charges may be applied).

Thanks!

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14 years 4 months ago #59 by David J
Replied by David J on topic Re:Collecting post payment...
Hello Richard
The users guide states make a claim for interest. The claim must include the information that would be on a standard invoice such as invoice number, job description etc. The copy on this letter can be used as a guide.

Yes you can claim interest and compensation on invoices that have been paid, but were paid late going back 6 years retrospectively.

Before doing so, you should read through this part of the users guide

David

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14 years 4 months ago #60 by Techie
Replied by Techie on topic Re:Collecting post payment...
Thanks David,

*Really* helpful.

R

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  1. Discussions forums
  3. Pay on time supporter forums
  5. The late payment of commercial debts (interest) Act.
  7. Collecting post payment...
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