A £5,000 invoice 90 days late is worth £218 to you
Late Payment Interest Calculator
Work out what a late commercial invoice is actually worth. Base rate plus 8 per cent, plus a fixed sum of £40, £70 or £100 by invoice size.
Late Payment Interest Calculator
Statutory interest on a late commercial invoice is a right, not a favour. Base rate plus eight per cent, plus a fixed sum per invoice.
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Three things worth knowing
The fixed sum is £40 under £1,000, £70 up to £10,000 and £100 above. Per invoice, not per client, and you can claim reasonable recovery costs on top.
The rate is fixed at the base rate in force on the preceding 30 June or 31 December and stays there for the whole debt.
You cannot claim statutory interest if the contract sets its own rate, and you have six years from the day after the payment terms ended.
The same sum, in a workbook
With the daily figure, so a chaser can quote what another month costs.
Download the workbookFAQs
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We provide bookkeeping, VAT returns, payroll, tax filings, annual accounts, and advisory services — tailored to freelancers, SMEs, and ecommerce businesses.
Yes. Every client works with a named accountant who knows your business inside out. You’ll never deal with call centres — just direct, personal support.
We’re certified partners with Xero and QuickBooks. Our digital-first approach means you’ll always have real-time access to your financial data.
We offer fixed monthly packages with no hidden fees. Pricing depends on your business size and the level of support you need — but you’ll always know exactly what you’re paying for.
Absolutely. We handle VAT, corporation tax, self-assessments, and payroll tax. We also manage HMRC correspondence on your behalf to ensure you never miss a deadline.
No. While many of our clients are London-based, we also support businesses across the UK and ecommerce sellers worldwide through our cloud-based systems.
RESOURCES
Fresh takes on business and accounting.
Trading profit is split on a time basis. Interest, rent, gains, donations and dividends each follow their own rule, and mixing them up misstates both accounting periods.
A long period of account needs two separate capital allowances computations, and since April 2026 they are not even calculated at the same writing down rate.
Company law allows accounts to run for 18 months; corporation tax never allows an accounting period longer than 12. Here is how the split is drawn.
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