These regulations should be read in conjunction with the late payment of commercial debts interest act 1998 commencement no. If a business does intend to use the act they should state this on all invoices and letters seeking payment. A breakdown of the average payment time per sector can be seen easily by clicking on “sector averages” at the top of the league tables page. What is the rate of interest? On 24/03/2012 you agree to do a piece of work - and you agree then and there how much you will be paid.

The program tries to calculate as you go along: it should flag suggested values in cyan. Do i have to charge interest when people pay late? The completed document consists of approximately 1 page.