The Consumer Rights (Payment Surcharges) Regulations 2012

Grace periods in which business grows

This section has no associated Explanatory Memorandum

6.  For the purposes of this Schedule, a grace period is one in which a business grows if A is greater than B, where—

A is the number of days in the grace period when the business has 10 or more employees, and

B is the number of days in the grace period when the business has fewer than 10 employees.