Interest on late payments
Late payments create cash flow problems and can increase the risk that you will not be paid at all. Using your legal right to claim interest from late-paying customers can encourage customers to pay on time.
The statutory right to interest and compensation applies to all contracts. You need to decide whether to enforce your rights, and if so how.
Join a thriving community of skilled directors and leaders
Ask us about membership
Better directors for a better world
The IoD supports directors and business leaders across the UK and beyond to learn, network and build successful, responsible businesses.
Extending your financial knowhow
Browse valuable finance and tax resources from the IoD.