Builder debt-recovery calculator
Late payment interest calculator
Work out statutory interest and fixed compensation on a late business payment, or see the rate a court usually applies when your client is a homeowner.
Calculate what is owed
Figures are shown excluding VAT. This is a calculation aid, not a demand you can send without checking it.
Total claimable
£2,486.57
Invoice, interest and fixed compensation
Annual interest rate
12.0%
8% plus the base rate you entered
Daily interest
£0.79
Interest accrued to date
£16.57
Fixed compensation
£70.00
One-off amount set by the size of the debt