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Late Payment Penalties in the UK

Late Payment of Commercial Debts. Who are we and why are we qualified to explain late payment charges? Based on our practical experience. We recently had a long debate about these web page on a mailing list and were surprised to find some people seem to live in a different world. So this is just to clarify some assumptions. To explain the world we live in (and thankfully the world the courts live in too). What are late payment penalties? Why have penalty clauses at all? In this context. We are using ...

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Late Payment Penalties in the UK | paylate.co.uk Reviews
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Late Payment of Commercial Debts. Who are we and why are we qualified to explain late payment charges? Based on our practical experience. We recently had a long debate about these web page on a mailing list and were surprised to find some people seem to live in a different world. So this is just to clarify some assumptions. To explain the world we live in (and thankfully the world the courts live in too). What are late payment penalties? Why have penalty clauses at all? In this context. We are using ...
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Late Payment Penalties in the UK | paylate.co.uk Reviews

https://paylate.co.uk

Late Payment of Commercial Debts. Who are we and why are we qualified to explain late payment charges? Based on our practical experience. We recently had a long debate about these web page on a mailing list and were surprised to find some people seem to live in a different world. So this is just to clarify some assumptions. To explain the world we live in (and thankfully the world the courts live in too). What are late payment penalties? Why have penalty clauses at all? In this context. We are using ...

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1

Late Payment Penalties in the UK

http://paylate.co.uk/stories.html

Late Payment of Commercial Debts. We do not accept that a 40.00 fee applies 14 days after the invoice. This customer had an invoice that clearly stated 7 working days terms, and did not pay. 14 days later we sent an invoice for 40 penalty. Five months later. They finally pay the original invoice (and some interest they worked out), but complain (for the first time) that surely 40 fees do not apply after only 14 days! Our client, being a small company, was not aware of the law on late payment penalties.

2

Late Payment Penalties in the UK

http://paylate.co.uk/disclaimer.html

Late Payment of Commercial Debts. We aim to provide some practical advice on late payment charges. However, we are not legal advisers, and you should not blame us if any of the advice on here is not right. If you want to follow our advice, it is up to you to take you own legal advice. We limit our liability to the amount you paid us for this advice, i.e. nothing.

3

Late Payment Penalties in the UK

http://paylate.co.uk/enforce.html

Late Payment of Commercial Debts. Unlike most other sorts of dispute with a customer, late payment penalties are based on some simple and usually provable facts. When the invoice was issued. What the terms for payment are. When payment was made. Other aspects, such as disputing the original invoice, the goods or service supplied, etc, are usually irrelevant if it was actually paid. If not paid then you probably need to chase the original invoice first. Of course, some will argue on some sort of principle...

4

Late Payment Penalties in the UK

http://paylate.co.uk/excuses.html

Late Payment of Commercial Debts. Why people pay late. The main reasons for late payment are as follows. This can happen where an invoice is misdirected (wrong postal or email address) or payment is sent to the wrong place, etc. Again, this is a case where the late payment penalty prompts a resolution of an essentially one-off problem. A policy of crediting the first charge means the customer is not penalised, and the problem can be resolved to stop further late payment. The problem may be resolved by th...

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Late Payment Penalties in the UK

Late Payment of Commercial Debts. Who are we and why are we qualified to explain late payment charges? Based on our practical experience. We recently had a long debate about these web page on a mailing list and were surprised to find some people seem to live in a different world. So this is just to clarify some assumptions. To explain the world we live in (and thankfully the world the courts live in too). What are late payment penalties? Why have penalty clauses at all? In this context. We are using ...

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