Late payment compensation UK
UK late payment fixed compensation, explained simply.
For qualifying UK business-to-business late commercial payments, fixed compensation can be added by debt value as a drafting aid alongside statutory interest.
Fixed compensation bands.
| Debt value | Fixed sum | How SHVL shows it |
|---|---|---|
| Less than £1,000 | £40 | Added as a separate compensation line. |
| £1,000 to £9,999.99 | £70 | Shown in the letter draft and Excel log. |
| £10,000 or more | £100 | Included with the statutory-interest estimate for review. |
Where compensation fits in the chase pack.
SHVL calculates the principal, days overdue, statutory interest estimate, fixed compensation band, and total shown as due for each invoice in the aged-debtors CSV.
Those figures are included in the Excel workbook and the relevant draft letters so a reviewer can check the numbers before deciding what to send.
Need compensation calculated across the whole ledger?
Upload your aged-debtors CSV, preview the batch, then download the full reviewable pack after checkout.
Upload CSV and preview