smallbusiness.co.uk: Helping your business think big

Short-term finance

Rory Earley, CEO of Capital for Enterprise, explores the options...
Have your say »

RSS

Q: A supplier is threatening legal action for a collection fee added to our account. Do I pay or fight?

Jun 02 2009

Answered by: Marc Barber Ask a question

As ever, in situations like this the question of pay or fight is a question of how much time and resources you want to spend. Check the terms and conditions of your trade with the supplier (often the small print on the back of an invoice). More often than not, they will contain the right for added collection fees and it is this that your supplier will be relying upon. The best advice is to engage in dialogue with them pointing out any errors and try to seek an equitable solution.

Comments

There are currently no comments on this article

Protect Your Business with Key Person Insurance

Let our experienced advisers find you the best Key Person Insurance Policy for your business. We compare quotations from the UK’s leading insurers to find you the best deal. Get Free Advice and Quotes Now or call 01773 771380

Compare Insurance quotes for Public Liability

Public Liability Insurance covers your business for damages and compensation in the event your business has caused injury or death to a member of the public or damaged their property. Compare Public Liability Insurance quotes from Simply Business.

Tailored Quotes for your Business Insurance

Simply Business cover a wide variety of trades and provide tailored insurance quotes. Compare quotes or call 0845 072 3340 for Public Liability and Employers Liability Insurance, and take out optional extras such as tool and plant cover.

Polls

Contracts Questions & Answers

Business insurance

Jason Stockwood, Simply Business Ask a question

Legal Advice

John Staniforth, Partner - Kingston Smith LLP Ask a question

Trade marks

Gary Johnston, Mathys & Squire LLP Ask a question

News

smallbusiness.co.uk: Helping your business think big

Businesses could face fines if they don't comply with new website laws

Businesses to comply with new website privacy laws

UK small businesses could face fines of up to £500,000 if they fail to meet tough new website privacy laws which come into force this month.

CBI: SMEs must embrace low carbon opportunities

The Confederation of British Industry has urged small businesses to take advantage of low-carbon opportunities ahead of its climate change summit.

SMEs set to embrace new IP initiative

A government tax incentive that rewards UK-patented intellectual property will be welcomed by all small businesses that invest in innovation, says a law firm.

Auto-enrolment delay could cause problems

The government’s decision to delay introducing auto-enrolment pensions for small and medium sized businesses is likely to be a mixed blessing for the sector, according to a law firm.

New EU law could break down trade barriers

Small businesses in the UK could find it easier to sell goods or services to other European countries thanks to a new EU-wide sales law, according to the Federation of Small Businesses (FSB)

FPB: Let's protect SME patent rights

The Forum of Private Business is calling for small businesses' patent rights to be better protected amid concerns that many cannot afford to sue companies which steal their ideas.

Government aims to cut red tape in manufacturing

Manufacturing businesses are being asked to play their part in cutting bureaucracy and red tape in the latest phase of a government campaign.

SMEs unfamiliar with Bribery Act

Almost three quarters of small businesses do not understand what the impending Bribery Act is or how it is likely to affect the way they do business, research finds.

Government launches website to cut red tape

The government has introduced a website challenging the public to help cut unnecessary regulations.

CIPD: Employment tribunal system ‘broken’

Employers believe the current system for resolving workplace disputes is failing them, with 69 per cent saying they have no protection against employees making claims to tribunals.

Stamp duty land tax could hit unwary SMEs

Businesses have been warned to finalise quickly any purchase of more expensive properties or face an increased stamp duty land tax (SDLT).

Guides & Tips

Shake on it: getting the best deal without losing business relationships

Powers of persuasion

Here we look at the best ways to improve the terms of existing contracts without damaging your business relationships.

When a new employee starts

What information does an employer have to give to an employee when they start and vice versa? Read on to find out.

Starting up while still employed

It is tempting to set up as a sole trader while remaining in full-time employment, but it is wise to find out where you stand legally first. You will need to refer to your contract of employment with your current employer.

Store

FT Guide to Personal Tax

The FT Guide to Personal Tax is published by Pearson Education. Written by Sara Williams, CEO of Vitesse Media Plc and John Bloxham, this unique guide gives step-by-step advice to completing your tax return as well as over 230 tax-saving tips.

Growth Company Investor

Growth Company Investor is widely recognised as the leading magazine for investors interested in AIM and smallcap companies. Published 10 times per year, and brought to you by an award-winning analyst team, it offers subscribers unrivalled insight into high-potential smaller companies. Subscribe today with a 50% discount in your first year.

FT Guide to Business Start Up

The FT Guide to Business Start Up 2012, published by Pearson Education, is written by Sara Williams, CEO of Vitesse Media Plc. This unique guide has sold over two million copies. It offers practical advice about starting and running your own business.