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.

late-payment-chargesThe 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:

https://www.gov.uk/late-commercial-payments-interest-debt-recovery/claim-debt-recovery-costs

 

Let us help you with your debt recovery.