The Reporting on Payment Practices and Performance Regulations 2017

Interpretation

This section has no associated Explanatory Memorandum

14.  For the purposes of this Schedule—

(a)a payment falls due on the last day of the payment period;

(b)a payment is made—

(i)when it is received by the supplier;

(ii)if there is any delay in the sum being received for which the qualifying company is not responsible, when it would have been received without that delay.