Calculate statutory interest and compensation fees on overdue invoices
Under The Late Payment of Commercial Debts (Interest) Act 1998, UK businesses are legally entitled to:
Note: This calculation is based on the statutory late payment legislation in the UK. You are legally entitled to charge both interest and compensation on late commercial payments.
To claim late payment interest and compensation, issue a separate invoice or include it with a statement.
Save hours manually calculating late fees & interest.
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This calculator provides an estimate based on the information provided. For exact figures, please consult a financial professional, or an expert from Paidnice.
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