# The Late Payment of Commercial Debts (Rate of Interest) Order 1998, Article 3: Rate of statutory interest


The rate of statutory interest for the purposes of the Late Payment of Commercial Debts (Interest) Act 1998 shall be 8 per cent over the official dealing rate per annum.

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Source: https://www.legislation.gov.uk/uksi/1998/2480/article/3 (the official version)
Page: https://openlegislation.uk/late-payment-of-commercial-debts-rate-of-interest-order-1998/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.