Re: FN-FORUM: late payment

date posted 8th January 2008 15:34

On 08/01/2008 16:18, Mark Miles wrote:
> Hi all
>
> I have produced some work for a client who is late in paying in the respect
> that I invoiced them last June, ok its only £400 and I could write it off
> however my office rent is almost £500 a month, so I feel begrudged when that
> could at least go towards it.
>
> It's only the second Job I have done for the client whom I have known off
> and on for 4 years, so not a Thoroughbred client by any stretch
>
> I have contacted them many times to get some resolve without opting to go
> through small claims courts procedure, its only a small amount but want to
> peruse it on principle.
>
> Any suggestions other than paying ASBO £20 to bring back his Kneecaps in a
> cellophane bag
>
> What channels are there to go through to try and claim this back?
>
> Kind Regards
> Mark
>

I hope your invoice says what mine does, as the small amount soon adds
up with interest under the late payment of commercial debts act, my
invoices say at the bottom:

Payment must be made within 30 days of the invoice date shown. We
reserve the right to claim statutory interest at 8% above the Bank of
England reference rate in force on the date the debt becomes overdue and
at any subsequent rate where the reference rate changes and the debt
remains unpaid in accordance with the Late Payment of Commercial Debts
(Interest) Act 1998 as amended and supplemented by the Late Payment of
Commercial Debts Regulations 2002.

Look up the commercial debts act and see what it says about late
payments, I don't know if you must include the text on your invoices but
it probably helps.

Martin