Document background
The Notice of Late Payment is a crucial document in the debt recovery process under English and Welsh law. It should be used when payment for goods or services has not been received by the agreed due date, and informal reminders have been unsuccessful. The notice formally documents the debt, includes calculation of statutory interest, and serves as evidence of attempting to resolve the matter before pursuing legal action. This document is particularly important as it complies with pre-action protocols required by courts in England and Wales, and helps establish a clear timeline of debt recovery efforts.
