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Contracts between small businesses as suppliers and small businesses as purchasers 1st november 2000 2000/274. Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available. This note is not part of the order. Types of commercial contract date of commencement s. I. No 1. Circumstances where statutory interest may be ousted or varied.
This order may be cited as the late payment of commercial debts rate of interest no. Bad credit car finance. The late payment of commercial debts rate of interest no. Period for which statutory interest runs. Meaning of "united kingdom public authority.
This order may be cited as the late payment of commercial debts interest act 1998 commencement no. Contracts between small businesses as suppliers and certain further uk public authorities as purchasers 1st september 2000 2000/2225 4. This includes reproduction of the statutory instrument on the internet and on intranet sites. E the auditor general for wales also known as archwilydd cyffredinol cymru constituted under the government of wales act 1998.
This order partially implements directive 2000/35/ec of the european parliament and council of 29th june 2000 on combating late payment in commercial transactions. The text of this internet version of the statutory instrument which is published by the queen's printer of acts of parliament has been prepared to reflect the text as it was made. Section 3 4 and 5 debts not to carry statutory interest if specified in an order made by the secretary of state are repealed. And the late payment of commercial debts rate of interest no. Statutory interest ceases to run when the interest would cease to run if it were carried under an express contract term. Morgage calculator uk.
The functions of the secretary of state, insofar as they relate to scotland, were transferred to scottish ministers by virtue of section 53 of the scotland act 1998 c. 46. This note is not part of the order. Contracts between small businesses as suppliers and further uk public authorities as purchasers. P art i s tatutory i nterest on q ualifying d ebts statutory interest. prepayment card
Manual about late payment of commercial debts interest actContracts between small businesses as suppliers and small businesses as purchasers. Pret a manger. Subject to this section, the parties are free to agree contract terms which deal with the consequences of late payment of the debt. The royal arms may be reproduced only where they are an integral part of the original document. This note is not part of the regulations.
The late payment of commercial debts interest act 1998 commencement no. Commencement of the late payment of commercial debts interest act 199. Minister for small business and e- commerce department of trade and industry. insolvency gsi gov Statutory interest runs in relation to a qualifying debt in accordance with this section unless section 5 applies. 5 year fixed mortgages. This includes reproduction of the statutory instrument on the internet and on intranet sites.
The late payment of commercial debts interest act 1998 commencement no. The late payment of commercial debts interest act 1998 commencement no. Copies have been placed in the libraries of both houses of parliament.
Late payment of commercial debts interest act easy
This act extends to northern ireland. This order may be cited as the late payment of commercial debts interest act 1998 commencement no. In this section "advance payment" has the same meaning as in section 11.
A print version is also available and is published by the stationery office limited as the the late payment of commercial debts regulations 2002 , isbn 0 11 042541 3. This part has effect without prejudice to any other ground which may affect the validity of a contract term. The late payment of commercial debts interest legal aid exceptions order 1998 6 is hereby revoked. Contract terms relating to the date for payment of the contract price. Poor credit rating. This includes reproduction of the statutory instrument on the internet and on intranet sites.