Late payment guides
Free, plain-English guides for UK businesses chasing a late invoice from another business. General information, not legal advice.
Statutory interest on unpaid invoices (UK)
How the Late Payment of Commercial Debts (Interest) Act 1998 lets a UK business charge 8% over the Bank of England base rate on a late invoice: who it covers, when it starts, which rate applies, with a worked example.
Late payment compensation per invoice: £40, £70 or £100
The three fixed sums for late business payments in the UK (£40, £70 and £100), how the invoice value picks the band, what else you can claim, and what doesn’t change it.
Late payment letter and interest invoice template (UK)
A plain template letter asking a business customer for an overdue invoice plus statutory interest and fixed compensation, with wording for the separate interest invoice and notes on filling it in.