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Late Payment Legislation
The UK was one of the first countries in the EU to introduce legislation to promote a culture of prompt payment. That was in 1998.
Since then, in August 2002, provisions have been extended. Now, businesses can
SMEs can ask a representative body to challenge grossly unfair contract terms that do not provide a substantial remedy for late payment
Compensation varies in with the size of the debt:
Free Late Payment Guide
The Better Payment Practice Campaign, in conjunction with Business Link, have published a comprehensive guide to the latest legislation. Click to download a copy of the Guide to Late Payment Legislation |
News Items
OUTSOURING NOT JUST FOR MULTINATIONALS
Once, only multinationals would outsource their work, mainly offshore,but there has recently been a significant growth in the number of sme now looking to outsource.
As the credit crunch bites, small business owners are increasingly turning to outsourced workers rather than employ permanent staff allowing reduced overheads and administration of direct employment.
Late Payment Legislation
The UK was one of the first countries in the EU to introduce legislation to promote a culture of prompt payment. That was in 1998.Since then, in August 2002, provisions have been extended. more.... EXCUSES OF THE MONTH
Could you please call back later as the lady who arranges payments is having a coughing fit at the moment!
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