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

Submitted on Tuesday 22nd January 2019

Rejected on Wednesday 30th January 2019

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

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

Petition Details

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.

Additional Information

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!


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This petition was rejected

The Government e-Petitions Team gave the following reason:

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.

Have your say on this petition!

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