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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…

VAT and other taxes on shopping and services, including tax-free shopping, energy-saving equipment and mobility aids.

• VAT and duties

  VAT is a tax you pay on most goods and services. % of VAT What the rate…

• Where you see VAT

  In shops Any VAT due is already included in the price of something you buy…

• VAT on energy-saving products

  You’ll pay a rate of either 5% or 0% VAT when certain energy-saving…

• VAT on mobility aids

  If you’re over 60, you pay a reduced rate of VAT (5%) on certain mobility…

• Tax-free shopping

  You can only buy tax-free goods from shops: in Great Britain (England,…

• Alcohol and tobacco duties

  Tobacco Duty is included in the price you pay for cigarettes, cigars and…

• Fuel Duty

  Fuel Duty is included in the price you pay for petrol, diesel and other…

• Air Passenger Duty

  Airlines pay Air Passenger Duty (APD) for every passenger who flies from…

• Insurance Premium Tax

  Insurance Premium Tax (IPT) is usually included in the price you pay for…

Annual accounting and VAT - eligibility, thresholds, returns and payment deadlines and joining or leaving the scheme

• Overview

  Usually, VAT-registered businesses submit their VAT Returns and payments…

• Eligibility

  You can join the Annual Accounting Scheme if: you’re a VAT-registered…

• Join or leave the scheme

  How to join the Annual Accounting Scheme depends on whether you’re…

• Return and payment deadlines

  Check your VAT Return and payment deadlines in your HM Revenue and Customs…

Find out how interest is calculated and applied if you have a Plan 2 student loan, as well as previous interest rates.

• Updated: 16 September 2024

How you're taxed on dividend payments and how your income affects the amount of tax to pay

If your payment is more than 15 days overdue, first and second late payment penalties apply. Find out how to avoid penalties and get help to pay in instalments.

• Updated: 10 July 2025

Minimum wage rates for different types of paid employment - time work, output work, unmeasured work, salaried hours work.

The Christmas Bonus is a one-off tax-free £10 payment to people who get certain benefits - what you'll get, eligibility, how to claim

Invoicing and taking payment from customers, what invoices must include, VAT invoices, sole trader invoices, limited company invoices, payment options, charging for late payment, chargebacks

Working out your Corporation Tax rate and getting reliefs and other deductions from your Corporation Tax bill