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  7. How late?
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Post questions here regarding the use of the Late Payment Legislation

How late?

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12 years 11 months ago #583 by logicool
How late? was created by logicool
Would like to issue charges to client who has paid consistently late and I now wish to close their account.

Some invoices were only paid 6 or 7 days late. I probably wont bother with daily interest but can I still charge the standard legislation fee based on value of invoice?

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12 years 11 months ago #586 by David J
Replied by David J on topic Re:How late?
Hello Logicool

Yes you can charge the compensation fee but I would also charge interest.

You could then set out the compensation and interest charges in your demand, then in the final amount owed, deduct the interest if they pay within a specified period to help encourage prompt payment.

Regards

David

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  1. Forum
  3. Pay on time supporter forums
  5. The late payment of commercial debts (interest) Act.
  7. How late?
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