EU to tighten late payment regime_2
19 July 2012
Companies who fail to pay suppliers within 30 days are to be hit by punitive European Union-wide interest rates, under the terms of a draft directive.
Companies who fail to pay suppliers within 30 days are to be hit by punitive European Union-wide interest rates, under the terms of a draft directive.
The late payment directive plans to give creditors the right to add compensation interest of 6 per cent above European Central Bank base rates. That would mean an extra 8.5 per cent could be added to late invoices at...
The late payment directive plans to give creditors the right to add compensation interest of 6 per cent above European Central Bank base rates. That would mean an extra 8.5 per cent could be added to late invoices at...