Nationally, the communications, transport and construction industries are most likely to be affected by late payments
(86%, 72% and 70%, respectively).
This is slightly lower than the national average of 63 per cent of firms across the UK holding late payments
culpable for lack of available capital to invest in growth strategies.
Bacs newest late payments
research shows a third of SMEs reporting that big businesses are behind late bill settlement.
touched their lowest point in three years in April, and payments late by 35 days or more fell to 3.
Dealing with private entities while facing the problems of the late payments
, the "Law on the prevention of the late payment
in commercial transactions" should be taken into account.
Making a late payment
can have other consequences, such as hurting your credit score.
If you find an inaccuracy, maybe a wrong address or you paid a bill on time, but the record shows late payment
, the first thing you should do is to go to the original creditor," she says.
Michael Chambers, managing director of BACS Payment Schemes Ltd said: 'If only a small percentage of companies concerned about late payments
found themselves in a situation where they were unable to pay their staff on time, businesses would not be able to cope.
It is the Service's position that businesses required to use EFTPS, but which instead make deposits with a Federal tax deposit coupon at an authorized depository, will be subject to a 10% late payment
penalty because the deposit will not have been made "in the manner required" by the Code.
The problem is that many people routinely ignore the due date and delay paying their bills until the late payment
com/research/6a41ef/tips_tricks_str) has announced the addition of the "Tips, Tricks & Strategies for Collecting Late Payments
from Your Clients - What Lawyers Need to Know About Different Strategies From Gentle and Subtle to the Most Aggressive (and the Benefits and Risks of Both)" audioconference to their offering.
Newcastle-based computing firm Sage has launched a Late Payments
Manifesto and an e-petition which aims to get all businesses to commit to monthly payments and reduce the problems facing companies further down the supply chain.