UK Statutory Interest Late Commercial Payments Calculator
Interest and compensation on late business invoices.
Compare Your Options And Get Clear Answers
Interest and compensation on late business invoices.
UK Statutory Interest Late Commercial Payments Estimator
Enter your numbers below for an instant estimate.
How It Works
Key concepts behind this calculator
Enter Values
Fill in each field with your own numbers.
Calculate
Results update as you change the inputs.
Review
Read the breakdown and the explanation.
Adjust
Change values to compare scenarios.
UK Quick Guide
Typical values for reference.
| Invoice amount (GBP) | Days late | Bank of England base rate (%) | Statutory claim |
|---|---|---|---|
| 8000 | 45 | 4 | ยฃ188.36 |
| 25000 | 90 | 4 | ยฃ839.73 |
| 500 | 30 | 4 | ยฃ44.93 |
| 3000 | 60 | 3.75 | ยฃ127.95 |
| Rule of Thumb | Check inputs | Use as a guide | Round sensibly |
UK Statutory Interest Calculator FAQ
Answers to common questions about this calculator.
It uses the formula shown with your inputs. Real conditions vary, so treat it as a guide.
Interest = invoice x (8% + base) x days / 365
It is an estimate based on the inputs you enter. Check real quotes, labels or official guidance for important decisions.
Yes. Replace each input with your own figures and the result updates instantly.