Tedisco and other lawmakers asked whether taxpayers owed the rebates could
receive interest on the late payments, and whether those owed money could pay their taxes later than the April 15 deadline this spring.
It's also worth noting that under the Late Payment of Commercial Debts (Interest) Act, creditors have the statutory right to
claim interest on late payments — as you will have warned in your initial payment terms.
It is a company that makes money by locking people into cycles of debt, interest on debt, late payment charges and
interest on late payment charges.
Trust me when I tell you that the cost of uncollected receivables, filing penalties or
interest on late payments, write - offs due to posting errors, impaired management decision due to lack of accurate or timely reporting, improperly processed payroll, and undetected embezzlement will cost you exponentially more in the long run than cost cutting a $ 12 - 14 an hour employee in the accounting office.
HMRC may also charge
you interest on late payments.
Read this helpful article by Business Link on how to charge
interest on late payments.
5.2) All amounts donated by PIPA Institute to the artists are gross, ie any taxes, fees, contributions, fines,
interest on late payments, etc. are the responsibility of the Participating Artists.
Employers who fail to deduct or remit contributions would be charged
interest on late payments.
Well, it's a little more confusing than that, because when it comes to taxes, you need to pay a penalty and
interest on late payments.