Introduction to the Late Payment Law

This web site, updated for recent changes to bank base rates in 2023, provides a simple guide to using the Late Payment Legislation in the UK. If you run a business in the UK this legislation allows you to charge interest where a customer is late in paying their invoices. This has the potential to be an important part of your debt collection process.

This site also provides a calculator that you can use to work out how much interest you can claim on an outstanding debt.

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