When Does The Late Payment Surcharge Stop Running?
A late payment surcharge stops running on a debt once the principal has been paid in full. If the purchaser owes the principal plus a late payment surcharge, (unless payment is accepted on other terms), any part payment of the debt could go to reduce the amount of late payment surcharge. It would be a contractual matter, enforced by the Robin Hood System. Top What Happens When An Invoice Is Disputed And Is Never Paid – Are the Penalties Payable? Any disputed invoices would need to be raised with the Robin Hood System. It would automatically deal with the disputed invoice and suspend or credit any surcharge. Top What Happens If A Purchaser Does Not Agree With The Late Payment Surcharge? A purchaser may not agree with a late payment surcharge (for example, if the goods delivered were faulty and had to be exchanged, or they were delivered late). If this happens, the purchaser may negotiate with the supplier to reduce or amend the late payment surcharge. Once this has been agreed the suppl
