Parliament Hill Computers LtdParliament Hill Computers Ltd

Statutory Interest Calculator


Please enter debt details

Dates are inclusive

From: (date of invoice)
Terms: (number of days before the bill is due)
Debt: (this should include any VAT)

Dates must be like 2012/04/21 and the debt like 1234 or 1234.56

Privacy note: this system does not record any of the financial numbers that you enter above.

More information

What to put at the bottom of invoices

It is good to point out to your client the pay on time legislation, or remind them of it. Also your terms of business. Something like the following:

Terms: Immediate Payment
We understand and will exercise our statutory right to claim interest and compensation for debt recovery costs under the late payment legislation if we are not paid according to the agreed credit terms.