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Posts tagged "late payment interest"

Late payment interest calculator: what to charge on an overdue invoice

Sep 28, 2026

Filed under: free tool, invoices, late payment interest, money back

Late payment interest calculator: what to charge on an overdue invoice

Work out the interest on an overdue invoice from the amount, due date and rate, with US Prompt Payment Act and UK statutory rules built in.

The Late Payment Interest Rate Is Locked, and Most People Use the Wrong One

Aug 23, 2026

Filed under: chasing late payments, fair payment code, fixed compensation late payment, free skill, late payment act 1998, late payment interest, letter before action, money claim online, payment practices reporting, pre-action protocol debt claims, skill md, sole trader invoicing, statutory interest uk, unpaid invoice

The Late Payment Interest Rate Is Locked, and Most People Use the Wrong One

Statutory interest on a late commercial invoice is fixed at the moment the debt goes late, not at today's base rate. A free SKILL.md that locks the right rate to each invoice, adds the fixed compensation, checks the debtor's published...