Do you know you can add late payment charges to non paying invoices ?
After a payment you are waiting on is deemed ‘late’, you are entitled to collect late payment charges under the ‘Late Payment Legislation.
The interest that you can charge the debtor if they are late paying for any goods or service you provided s is ‘statutory interest’. This is 8% plus the Bank of England base rate for business to business transactions.
Read more about it here:
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