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    Late Payment Calculator

    Architecture Social finance tool

    Late Payment Calculator

    Estimate statutory interest and fixed recovery compensation for UK business-to-business late commercial payments.

    Statutory interest 8% + Bank Rate Current Bank Rate 3.75% Recovery compensation GBP 40 / 70 / 100

    Invoice details

    For business-to-business debts, statutory interest is normally 8 percentage points above Bank of England Bank Rate unless the contract has a different substantial remedy. Public authority and bespoke contract terms can change the position.

    Result

    Total claim estimate

    GBP 0

    Interest plus recovery compensation.

    Days late

    0

    From due date to payment date.

    Interest due

    GBP 0

    11.75% annual statutory rate.

    Fixed compensation

    GBP 0

    Based on invoice value.

    This is an estimate for commercial debts. Check the contract, payment terms and whether statutory interest applies before issuing a claim.
    Line Value Basis

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