Section 11(5)
LPCDIA 1998
Late Payment of Commercial Debts (Interest) Act 1998 · United Kingdom
Where the advance payment is a part of the contract price due in respect of any part performance of the supplier’s obligation, but is payable before that part performance is completed, the debt shall be treated as created on the day on which the relevant part performance is completed.
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Source: legislation.gov.uk · retrieved 2026-08-15