Interest info

On 8 August Directive 2000/35/EC came into effect - wake up! It means, condensing wildly, that if a client pays more than 30 days after your invoice (or after you do or deliver the work if you agreed the total fee and expenses in advance), you can claim interest and compensation.

For jobs under £1000, the compensation is £40. The interest is... err... well, knowing how journalists love percentages, London Freelance Branch has provided a handy calculator.

Last modified: 14 September 2002 - © 2002 contributors
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