Invoice Amount

Statutory compensation per invoice

Up to £999.99p

£40

£1000.00 - £9,999.99p

£70

£10,000 or more

£100

Late payment statutory interest calculator

CALCULATOR
Date the work was done approx  (dd/mm/yyyy)
Date payment became overdue  (dd/mm/yyyy)
Date of Payment (if principal debt has now been paid):  (dd/mm/yyyy)
Are you a public sector body? (tick for yes)
Number of approx employees (Creditor)  (numbers only)
Number of approx employees (Debtor)  (numbers only)
Total invoice value (inc VAT)  (numbers only)
 
CALCULATION RESULTS
 

Statutory Compensation & Interest

 

For Business to Business debts you can claim compensation for late invoices. The compensation is calculated by us for you and is worked out as below. You can also claim statutory interest at 8% above base rate from the date payment became overdue to the date we write to the debtor.