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Post questions here regarding the use of the Late Payment Legislation

Interest on Statutorary Charges

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14 years 4 weeks ago #213 by ashley smith
Off my rocker I may be but on advice I have done this and been paid.

I just wanted to see if any one else had interpreted the legislation in terms of the exact wording, which I was advised allowed this.... At least on a theoretical level.


Good to have you back james

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14 years 4 weeks ago #214 by latepayments
Hi,

I agree with James, there can be no question of chargeing interest on the compensation charge.

If only businesses would understand the workings of the basic legislation and take advantage of that without trying to confuse themselves.

Ed

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14 years 4 weeks ago #215 by jimbo22
I understand the thinking !

That we should add interest to the compensation charge from the time we have claimed it - right ?

Even though you have been paid this - was payment court directed or was this settled ?

I would think settled.

As Ed says it does add confusion, if we can only get the first sorted.

I'm still away, posting this from abroad.

Just have some time on my hands so thought I would check out the forum.

You know I think it would be worthwhile holding some face to face get togethers to see where people are on this , whats the chances ? Any benefit in a meeting ?

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