Late Payment of Commercial Debts (Interest) Act 1998
Where you have provided goods or services as a business to another business (or the public sector) and the fee or invoice for those goods or services is not paid within 30 days of your invoice you can claim interest on the unpaid invoice at a generous rate (currently 8.5% per year).
In addition to the interest if the invoice is unpaid after 30 days you are entitled to a nominal fixed payment for:-
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