16th October 2008, Page 32
16th October 2008
Page 32

Page 32, 16th October 2008
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Collectors' Corner
A decade ago, the UK introduced laws to enable companies to claim interest on late payments. But do hauliers prefer to deal with debts in ways that won't offend their customers?......
Late Payment Of Commercial Debts (interest) Act 1998
The legislation defines late payment as anything exceeding the credit period that is agreed verbally or in writing with the customer. If no credit period has been agreed, the......