{
  "url": "https://openlegislation.uk/late-payment-of-commercial-debts-rate-of-interest-order-1998/introduction",
  "json_url": "https://openlegislation.uk/late-payment-of-commercial-debts-rate-of-interest-order-1998/introduction.json",
  "legislation": "uksi/1998/2480",
  "legislation_title": "The Late Payment of Commercial Debts (Rate of Interest) Order 1998",
  "legislation_url": "https://openlegislation.uk/late-payment-of-commercial-debts-rate-of-interest-order-1998",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "CONTRACTS\nMade 4th October 1998\nLaid before Parliament 7th October 1998\nComing into force 1st November 1998\nThe Secretary of State, having considered the extent to which it may be desirable to set the rate of statutory interest so as to protect suppliers whose financial position makes them particularly vulnerable if their qualifying debts are paid late and deter generally the late payment of qualifying debts, in exercise of the power conferred on him by section 6 of the Late Payment of Commercial Debts (Interest) Act 1998, and of all other powers enabling him in that behalf, hereby makes the following Order:–",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "c. 20."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1998/2480/introduction",
    "retrieved_at": "2026-10-29T11:17:40.481348+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}