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Late Payment

Articles, news and advice on the widespread issue of late payments for UK small businesses. Topics covered include government regulation, debt collection strategies, setting legal deadlines for payment, imposing penalties for delays, and establishing mechanisms for dispute resolution or renegotiation of payment terms.

News

Bouncing cheques hit business

Almost half of all businesses have been victims of bounced cheques in the past year, according to the Better Payment Practice Group (BPPG), which has reiterated its advice to run credit checks.

Legal advice

Ensure you set your payment terms

Small firms should clarify terms of business with their large customers from the outset of their trading relationship according to Clive Lewis, chairman of the Better Payment Practice Group (BPPG) - a service providing free advice on credit management.

Accounting

New rules for businesses to get paid on time

With the European Directive on late payments coming into effect in less than three months, the Forum of Private Business is advising small businesses to revise their terms of trade now to reap the benefits.

News

Guide to better credit checking

A new guide on how to run credit checks has been published by the Better Payment Practice Group (BPPG) to help reduce one of small businesses particular headaches, late payments.

News

Late payments legislation due for early delivery

A European Commission Directive that gives businesses the right to claim interest on late payments will come into effect on 7 August 2002, three months earlier than envisaged.

News

Larger companies lag behind in payment performance stakes

UK companies are now the second fastest at paying their bills, in Europe.

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