Late Payment Interest Calculator

UK Late Payment Interest Calculator

Invoice Amount (£):

Payment Due Date:

Actual Payment Date:

Interest Rate (% above Bank of England base rate): 8% (Standard for business-to-business) 8.5% (If debtor is a public authority) Custom Rate

Compounding Frequency: Daily Monthly Annually Simple (No compounding)

Results

Days Late:

Interest Rate:

Interest Owed:

Fixed Compensation:

Total Owed:

Daily Breakdown