Statutory Interest Calculator

 

Please enter debt details

Dates are inclusive

From:	(date of invoice)
To:
Terms:	(number of days before the bill is due)
Debt:	(this should include any VAT)

Dates must be like 2012/04/21 and the debt like 1234 or 1234.56

Privacy note: this system does not record any of the financial numbers that you enter above.

More information

• Late Payment of Commercial Debts (Interest) Act 1998, commencement 7th August 2002, amended 2002, The Late Payment of Commercial Debts Regulations 2013
• The Late Payment of Commercial Debts (Rate of Interest) (No. 3) Order 2002, in particular interest shall be 8% over the Bank of England rate
• Other acts, including Scotland, of late payments
• Further background: https://payontime.co.uk/