Late payment interest
Statutory interest a business can charge on late payment by another business. Under the EU Late Payment Directive the rate is at least 8 percentage points above the reference rate, plus a fixed €40 compensation per invoice; the UK has its own similar rules. Our free calculator works it out.
Frequently asked questions
What is Late payment interest?
Statutory interest a business can charge on late payment by another business. Under the EU Late Payment Directive the rate is at least 8 percentage points above the reference rate, plus a fixed €40 compensation per invoice; the UK has its own similar rules. Our free calculator works it out.
Where is the term used?
Mainly in European Union and United Kingdom.