Contractor UK Bulletin Board - View Single Post - How to Calculate Late Payment Interest for Multiple Invoices?

mike1227 · 18th July 2008, 14:59

Hi,

I understand the concept of invoicing a client for interest on late payments, but can anyone tell me how it works when there are multiple invoices unpaid?

For example, 2 invoices late - both invoices are for the amount of £1000. Can the flat compensation charge (£70) be claimed twice, once per invoice, or does the charge apply only once to the total amount owed (£2000)?

Thanks,
Mike.

18th July 2008, 14:59	#1
mike1227 Not worth listening to Join Date: May 2008 Posts: 4	How to Calculate Late Payment Interest for Multiple Invoices? Hi, I understand the concept of invoicing a client for interest on late payments, but can anyone tell me how it works when there are multiple invoices unpaid? For example, 2 invoices late - both invoices are for the amount of £1000. Can the flat compensation charge (£70) be claimed twice, once per invoice, or does the charge apply only once to the total amount owed (£2000)? Thanks, Mike.