Make Your Intentions Clear

Despite the fact that the entitlement to claim interest under the Late Payment of Commercial Debt Regulations is an 'implied term' of any contract to which the Act applies, your Company's intention to use the legislation should be made quite clear on its invoices, collection letters, e-mails, and all other relevant documentation.

We will exercise our statutory right to claim interest and compensation for debt recovery costs in accordance with the Late Payment of Commercial Debts (Interest) Act incorporating the ED Directive 2000/35/EC would be an appropriate addition to all such documentation.