Late commercial payments: charging interest and debt recovery

Claim debt recovery costs on late payments

You can also charge a business a fixed sum for the cost of recovering a late commercial payment on top of claiming interest from it.

The amount you’re allowed to charge depends on the amount of debt.

Amount of debt What you can charge
Up to £999.99 £40
£1,000 to £9,999.99 £70
£10,000 or more £100

These amounts are set by late payment legislation.

If you are a supplier, you can also claim for reasonable costs in recovering debt.

Read more on recovering debt.