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
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Invoice Question
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Invoice Question"
Collapse
-
Guest replied
-
Guest repliedThanks guys, will do some further research.
Leave a comment:
-
Guest repliedA 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
Leave a comment:
-
Guest repliedPutting 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.
Leave a comment:
-
Guest started a topic Invoice QuestionInvoice Question
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 )
ThanksTags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: