Invoice Question

Have a look here - they have other links to follow as well.

Seems you can charge up to 8% over the BoE base rate.


Small Business UK site

Thanks guys, will do some further research.

A surcharge at the level suggested is not enforcable unless it was agreed in the contract.

If there is no prior agreement then there is a statutory right to charge interest at x% over base on invoices outstanding after y days. I can't remember the actual numbers, but I guess that it would be around 1% per month.

start by looking here:

www.payontime.co.uk/

tim

Putting it on the invoice is one thing - getting them to pay it is entirely another thing.

There was some legislation on this a while back and I think some surcharge is legally enforcible - can't remember the name of provide a link though.

Hi,

Quickie question please.

What is a typical/acceptable percentage rate for overdue invoice payments? (i.e. If I invoice someone is it acceptable to state on my invoice that late payments are subject to a 5% charge :evil )

Thanks