Here at MW Transport we are VAT registered.
Invoices shall be paid within 30 days of the invoice month. Where payment is not received by that date, interest and other charges will become due at the rates contained within the Statutory Instruments issued under The Late Payment of Commercial Debts (Interest) Act 1998 as amended from time to time.
In 1997, the Govt in partnership with leading business organizations launched the Better Payment Practice Campaign. They implemented a basket of measures to help businesses get paid on time.
Changes to the legislation were tabled at European level which needed to be adopted by England, Wales and Northern Ireland. Consultation ensued and now the existing legislation has been amended. The Late Payment of Commercial Debts Regulations 2013 was introduced on the 16th March 2013
to read more visit http://payontime.co.uk/