Section 6(1)
LPCDIA 1998
Late Payment of Commercial Debts (Interest) Act 1998 · United Kingdom
The Secretary of State shall by order made with the consent of the Treasury set the rate of statutory interest by prescribing— a formula for calculating the rate of statutory interest; or the rate of statutory interest.
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Source: legislation.gov.uk · retrieved 2026-08-15 · Text as consolidated on 2025-02-24; changes after this date are not shown.