dwyl / dwyl/process-handbook

Interest on late payments

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#133 1 comment 0 reactions 1 assignee Claimed by @rub1e View on GitHub
enhancement priority-3 T25m
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HTML
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Description

There is some confusion (in my head) about whether we need to explicitly add the standard rate of interest for late payments (8% + BOE base rate) to our contracts - or whether we're ok because it's a statutory requirement.

But it can hardly hurt, so will update the contract template going forward

* [ ] Find validated verbiage for late payment interest
* [ ] Update contract template

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