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 you바카라 사이트™re allowed to charge depends on the amount of debt. You can only charge the business once for each payment.
| 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 you바카라 사이트™re a supplier, you can also claim for reasonable costs each time you try to recover the debt.
Read more on recovering debt.