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What are you owed on a late invoice?

Unpaid invoice amount

Payment was due

Paid (or leave for today)

Applicable Bank of England reference rate (%)

Statutory interest = reference rate + 8%. Use the rate in force on 31 December for debts becoming late from January–June, or 30 June for July–December.

On top of the invoice, you can legally claim

£0

in interest & compensation

days overdue

£0

interest (8%+base)

£0

fixed fee

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Guide only, not legal or financial advice. Based on the Late Payment of Commercial Debts (Interest) Act 1998 for business-to-business debts. Fixed compensation: £40 under £1,000 · £70 up to £9,999.99 · £100 at £10,000+.

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