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Debt Recovery Costs

I can charge a business a fixed sum for the cost of recovering a late commercial payment on top of claiming interest from it.

The amount I'm allowed to charge depends on the amount of debt. I will only charge once for each payment.

Amount of debt What I 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.

As a supplier, I can also claim for reasonable costs each time you try to recover the debt.

Reference: gov.uk

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