The Late Payment of Commercial Debts (Interest) Act 1998 (Commencement No. 1) Order 1998
This Order brings into force the Late Payment of Commercial Debts (Interest) Act 1998 (“the Act”) for the purposes of the first phase, that is, in relation to commercial contracts for the supply of goods or services where the supplier is a small business and the purchaser is a large business or a United Kingdom public authority (article 3). This is the first commencement Order.