InvoiceUK Late Payment Calculator
Statutory interest and compensation for overdue commercial invoices
Act 1998
Days Late
0
Interest (11.75% p.a.)
£0.00
Compensation
£0.00
Total Owed
£0.00
Interest is 8% statutory plus the Bank of England base rate of 3.75% as of August 2026 (11.75% a year). Compensation is the fixed recovery sum under the Late Payment of Commercial Debts (Interest) Act 1998. Figures use 22 August 2026 as today’s date.