Rejected petition Amend The Late Payments of Commercial Debts (Interest) Act 1998

Current protection against late payment for businesses is the Late Payment of Commercial Debts (Interest) Act 1998

This Act needs to be modified to provide additional protection against late payment to Micro businesses (turnover below £2 million) who trade with larger businesses.

More details

Current Statutory Compensation

Invoice amount: Statutory Compensation

Up to: £999.99 £40

1000.00-9999.99 £70

10,000 + £100

Late payments are on the increase, this is not a significant enough deterent!

This petition was rejected

Why was this petition rejected?

It’s not clear what the petition is asking the UK Government or Parliament to do.

We understand that you would like the protection against late payment for micro businesses changed, but we aren't sure what change you would like to make.

You could start a new petition setting out clearly the amendment you would like made.

We only reject petitions that don’t meet the petition standards.

Date submitted 22 January 2019
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