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BIS amends start date for statutory interest on late payment of commercial debts
Practical Law UK Legal Update 0-526-0846 (Approx. 8 pages)
BIS amends start date for statutory interest on late payment of commercial debts
by PLC Commercial
BIS has amended the Late Payment of Commercial Debts Regulations 2013 (SI 2013/395). The small change reduces the period before statutory interest starts running in some cases under the Late Payment of Commercial Debts (Interest) Act 1998. The Late Payment of Commercial Debts (No 2) Regulations (SI 2013/908) were made on 18 April 2013 and come into force on 14 May 2013.
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Resource ID 0-526-0846© 2024 Thomson Reuters. All rights reserved.
Published on 25-Apr-2013
Resource Type Legal update: archive
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