Businesses in the UK are entitled to charge both fixed penalty fees and interest on overdue invoices at a rate of 8% plus the Bank of England base rate.

With no legal guidelines in place around how much to charge in late fees in Singapore, we’ll offer you advice based on best practices later in this article.

We cover the best practices for charging late fees let’s look at the figures in more detail. How much can you charge? How do you work out the interest fee? What level of overdue late fee is considered “reasonable” in New Zealand?

Businesses in Australia can charge fixed penalty late fees or interest on overdue invoices capped at around 10% annually. We’ll break down how much you can charge in late fees in Australia, and how you can apply them legally.

Late payment fees are legal throughout South Africa. For the majority of industries, the law doesn’t specifically outline what you are entitled to charge in late fees. In this article we explore how you can legally charge for Late Fees in South Africa.

Fresh from Xerocon London, the Paidnice team is excited to unveil our July updates.