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Calculator
Late-payment interest.
When another business pays your company late, UK law lets you claim statutory interest and a fixed sum on top of the debt. Enter the invoice, how late it is and the base rate. General information, not legal advice.
- Statutory interest rate—
- Interest accrued—
- Fixed compensation—
- Total you could claim—
—
Statutory interest is 8% plus the Bank of England base rate. Fixed compensation is £40 under £1,000, £70 for £1,000–£9,999.99, and £100 for £10,000 or more. Enter the base rate that applied — this tool does not look it up. General information only.