Explanatory note

This Order extends the award of interest on county court judgments and orders, currently applicable only to sums not less than £5,000, to include all judgments and orders, of whatever amount, in respect of qualifying debts for the purposes of the Late Payment of Commercial Debts (Interest) Act 1998. A qualifying debt, for the purposes of the 1998 Act, is a debt to pay the contract price, created by virtue of an obligation under a contract for the supply of goods or services where both purchaser and supplier are acting in the course of a business.