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Late Payment Calculator - Results

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  • The debt of £1 was due on 04/Jun/2025 and is now 30 days overdue.
  • You are entitled to charge £0.01 in interest under the Late Payment of Commercial Debts [Interest] Act 1998 as amended and supplemented by the Late Payment of Commercial Debts Regulations 2002.
Calculation details
  • Date payment became overdue: 04/Jun/2025
  • Invoice value: £1
  • Reference rate for interest (on 04/Jun/2025): 4.75%.
  • Statutory interest rate: 12.75% (4.75% base rate plus 8%)
  • Debt: £1.
  • Annual interest: £1 x 12.75% = £0.13 .
  • Daily interest: £0.13 / 365 = £0 .
  • Days overdue: 30.
  • Interest due: £0.01.
Late Payment Calculator