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. You can only charge the business once for each payment.
Amount of debtWhat you can charge Up to £999.99£40 £1,000 to £9,999.99£70 £10,000 or more£100
These amounts are set by late payment legislation.
If you’re a supplier, you can also claim for reasonable costs each time you try to recover the debt.
Read more on recovering debt.