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Have your say about EU directive on late payments

Posted: 10th October 2012   In: Debt Collection Services

The directive is due to be implemented next year. Businesses from all the participating member states will then be under the same obligation to ensure that invoices are paid on time.

The main points in the EU Directive are:

Business and Enterprise Minister Michael Fallon said: “Tackling late payment will free up millions of pounds in the supply chain, helping to boost the economy and safeguard the future of thousands of UK companies.”

The public consultation on implementing the directive is set to run until 19th October 2012.

Please contact Deborah Rupping if you would like more information about the issues raised in this article or any matter relating to credit control and debt collection.