Dealing With Bad Debtors - Lynne Garner

Sadly I'm not the only freelance writer who's had to wait (sometimes months) for a client to pay what they owe for work completed. So last year when I became aware of a petition that called for the government to pass a law to force employers to pay on time for freelance and contractual work I signed it. Today (07/01/17) I received a reply which I felt may be of interest to freelancers and contractors. So here it is: " A party acting in the course of a business can claim interest and reasonable recovery costs if another business is late paying for goods or a service. A party acting in the course of a business can claim interest and reasonable recovery costs if another business is late paying for goods or a service, under the Late Payment of Commercial Debts (Interest) Act 1998. In April 2017, the payment practices reporting requirement will come into force. This will require large companies and LLPs to report publicly on their payment practices and performanc...