[LRUG] [FINANCE] Startup/finance question around invoices

[Olly Legg]

> Here's some reading for calculating charges and interest for the "new" late payment regulations:
> 
> https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/138129/bis-13-705-a-users-guide-to-the-recast-late-payment-directive.pdf
> 
> Also, calling the accounts department regularly chasing the debt will help. I know it's a pain for you. But unfortunately if it's a business's decision to not pay on 14 days then they won't until they feel the screws being turned.

IANAL, but the linked PDF says "can also claim reimbursement of the reasonable recovery costs for the late payment", which I interpret as any time spent chasing the accounts department is billable time.

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