10/06/2026
Late Payment Regulations: More Than Just Interest and Compensation
Many businesses are aware of the Late Payment Regulations but remain uncertain when they can issue a Late Payment Invoice or how best to use it to their advantage.
A Late Payment Invoice can be issued as soon as a commercial debt becomes overdue. There is no requirement to wait until payment has been received.
Many businesses use it as a credit control tool to encourage immediate settlement, offering to waive the additional charges if the principal debt is paid without delay.
Using the Credit Control Room portal, a Late Payment Invoice is quick to create, simple to use, and a practical addition to any credit control process.
Simply enter the invoice amount, invoice date and payment date (if applicable), and the system automatically calculates the statutory charges and produces a professionally formatted Late Payment Invoice in seconds.
Further information can be found at https://creditcontrolroom.com/our-services/late-payment-invoice/
Email us at [email protected] and we will send you a full service guide.
Or if you wish to discuss this, call us 020 8665 6666
Remember, the Credit Control Room Basic subscription operates on a pay-as-you-go basis with no annual fee.
Generate late payment invoices, calculate statutory interest and claim compensation under UK Late Payment Regulations. Fast, accurate and legally compliant.
