The Late payment fee calculator
The interest plus the fixed sum you are allowed to add for having to chase the money, which is the part most people forget to claim.
The invoice and the delay
Everything is worked out in your browser. No figure is sent anywhere.
How to use the Late payment fee calculator
- Type the invoice and the two dates, then put the fixed recovery cost your rules allow into the last field.
- Type your own numbers. The result updates as you type.
- Copy the result, or change an assumption and watch what it does.
Frequently asked questions
Can I charge a fixed fee as well as interest?
In the United Kingdom and in the European Union, yes: commercial debt legislation lets a business add a fixed recovery cost per unpaid invoice on top of the interest, on a small scale that rises with the size of the debt. Elsewhere it depends on your contract. Put the amount your rules allow into the recovery cost field and it is added to the total.
How exact is it?
The arithmetic is exact and rounded the way money is, at the cent. What it cannot know is anything specific to you, so read it as the ordinary case rather than as advice.
Is anything uploaded?
Every figure is worked out in your browser. Nothing is uploaded, there is no sign-up, and no result is stored anywhere but on your own device.
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