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Interest on overdue payment owed by business to individual

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12 years 4 months ago #747 by Festival
Interest on overdue payment owed by business to individual was created by Festival
Recently sold personal property to a company, a proportion of the contractual amount is now overdue. There is no provision in the agreement for interest to be paid. Can I charge the business interest on the overdue balance?

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12 years 4 months ago #748 by David J
Replied by David J on topic Re: Interest on overdue payment owed by business to individual
Hello Festival
The late payment legislation only covers commercial debts I'm afraid.

Kind regards

David

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  1. Discussions forums
  3. Pay on time supporter forums
  5. The late payment of commercial debts (interest) Act.
  7. Interest on overdue payment owed by business to individual
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