All toolsCalculatorsContractor ToolsLate Payment Interest & Compensation
Late Payment Interest & Compensation
Statutory daily interest and fixed compensation on overdue commercial debts (Late Payment of Commercial Debts (Interest) Act 1998).
The Ensign ToolboxLate Payment Interest & CompensationStatutory daily interest and fixed compensation on overdue commercial debts (Late Payment of Commercial Debts (Interest) Act 1998).
Statutory interest rate
%
8% + this rate = the statutory rate (LPCDIA 1998). Default is the rate in force on the last 30 Jun/31 Dec reference date — override for older debts.
%
8% + base rate
Invoices
£
Add an invoice with an amount, due date and paid/as-at date to calculate