Skip to main content
Become a member
  • Register
  • Login

Register Login

Details

Factsheets

Interest on late payments

01 Jun 2018

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.


This content is for members only.

Gain unlimited access to all of the resources and factsheets on IoD.com by joining as a member.

IoD membership can help you reach your full potential through its various membership packages.

Are you ready to become part of the UK's most dynamic community for business leaders?

Find out more about IoD membership

Join now  Login


Contact us

020 7451 3100

Business information

Enquire online

(Members only)


Opening hours

9am-5pm, Monday-Friday, excluding UK public holidays