Life and travel
Last checked: 29/01/2019

Making and receiving payments

UK decision to invoke Article 50 of the TEU: More information

As of 30 March 2019, all EU law will cease to apply to the UK, unless a ratified withdrawal agreement establishes another date, or the European Council and the UK decide unanimously to extend the two-year negotiation period. For more information about the legal repercussions for businesses:

You cannot apply card surcharges and payments must be accepted irrespective of where your customer is based in the EU. Anti-money laundering and terrorist financing rules: obligations for verifying the identity of your customers and beneficial owners.

Find out how to claim interest and compensation on payments you're owed for commercial transactions with other businesses and public authorities. Work out how much interest you can claim with the late payment calculator.

EU rules mean you can apply online to speed up cross-border debt recovery. You can also request a court order to freeze funds in the bank account of the company that owes you money.

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