Who it applies to
These rights cover payments for goods or services between businesses. They do not cover sales to consumers. If your contract sets a different rate of interest, you cannot claim statutory interest as well: the contract rate applies.
When a payment is late
A payment is late after the date you agreed. If you did not agree a date, GOV.UK says it is usually late 30 days after the customer gets the invoice or the work is done, whichever is later. Interest runs from that point until the customer pays.
The fixed sum
On top of interest, you can claim a fixed sum for the cost of recovering the debt: £40, £70 or £100, depending on how much is owed. You can claim it once for each payment. You may be able to claim reasonable extra costs too.
Should you charge it?
It is your choice. Interest can speed up a slow payer, but it can also strain a good customer relationship. Many firms mention the right in their terms and on a final notice, then decide case by case.
Xevrion's Invoice follow-up never adds interest by itself. On a final notice you choose whether to add statutory interest and the fixed sum. A person approves every reminder before it is sent.
Common questions
Does Xevrion add late-payment interest automatically?
No. On a final notice you choose whether to add it. A person approves every reminder before it is sent.
Sources
- Late commercial payments: charging interest and debt recovery. GOV.UK. Published Current guidance.
- Late commercial payments: when a payment becomes late. GOV.UK. Checked 8 October 2026.
- Invoice follow-up: how it works. Xevrion. Checked 8 October 2026.
Last checked: 8 October 2026.