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Interest on Late Payments
8. Further Help
Further advice on claiming and paying interest on overdue invoices is available from a number of sources.
8.1 Your accountant or financial adviser should have an understanding of the legislation and how it could affect your business.
8.2 Check with the Better Payment Practice Group.
- The website offers an online interest calculator and you can submit through the site questions on late payment that experts will answer.
8.3 Your local Business Link can offer advice, or visit www.businesslink.gov.uk.
8.4 If you are a small or medium-sized enterprise with up to 250 employees, your business association - such as the Federation of Small Businesses or the Forum of Private Business - can go to court on your behalf to challenge unfair contract terms.
Labels: Cashflow Management, Getting Paid
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