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 and what you can charge
Up to £999.99 debt - £40 charge
£1,000 to £9,999.99 debt - £70 charge
£10,000 or more debt - £100 charge
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.