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Late commercial payments - interest and debt recovery costs you can charge businesses for late payments

• When a payment becomes late

  You can claim interest and debt recovery costs if another business is late…

• Interest on late commercial payments

  The interest you can charge if another business is late paying for goods…

• Claim debt recovery costs on late payments

  You can also charge a business a fixed sum for the cost of recovering a…

How to charge VAT, calculate VAT, VAT rates, reclaim VAT on business expenses, keep digital records.

• Charging VAT

  All VAT-registered businesses should now be signed up for Making Tax…

• When not to charge VAT

  You cannot charge VAT on exempt goods or services. If you buy or sell an…

• VAT on discounts and gifts

  There are different rules for charging VAT on discounts, gifts and free…

• Reclaim VAT on business expenses

  You can reclaim VAT on items you buy for use in your business if you’re…

• Keeping VAT records

  HM Revenue and Customs (HMRC) may check your records to make sure you’re…

HMRC is aware of schemes that claim to avoid the loan charge on disguised remuneration. These schemes don’t work.

• Updated: 2 December 2017

The rules for employment agencies and businesses: licences, vulnerable people, opting out, job advertisements, transfer fees, trade unions, terms and conditions and contracts, travel and accommodation for work-seekers

Find out about the private use of company cars and vans and when a benefit charge is incurred.

• Updated: 30 December 2019

Find out about the VAT domestic reverse charge procedure which applies to the buying and selling of certain goods and services.

• Updated: 27 February 2025

How to work out the balancing charge when you dispose of or sell plant or machinery after claiming allowances for them.

• Updated: 24 July 2023

Information about the loan charge on disguised remuneration schemes which came into force on 5 April 2019.

• Updated: 31 May 2019

Ask the court to place a charge on someone's land or property (also known as a 'charging order') so they can't sell it without paying what they owe you after a court order.

Common user charge rates and how the charge applies to imports entering Great Britain through the Port of Dover and Eurotunnel.

• Updated: 7 May 2025