UK Statutory Interest on Late Commercial Payments
United Kingdom What UK businesses can charge on overdue B2B invoices.
Derived value
Under the Late Payment of Commercial Debts (Interest) Act 1998, a UK business can charge statutory interest on an overdue commercial (B2B) invoice at the Bank of England base rate plus 8 percentage points. Crucially, the rate is fixed for six-month periods using the base rate in force on 31 December (for debts in Jan–Jun) or 30 June (for Jul–Dec) — not the live base rate. This page applies that rule and shows the history so you can pick the right rate for the period your debt fell due.
→ Calculate interest at this rate
Effective-date history
| Effective date | Rate | Basis |
|---|---|---|
| July 1, 2026 | 11.75% | Derived |
| January 1, 2026 | 11.75% | Derived |
| July 1, 2025 | 12.25% | Derived |
| January 1, 2025 | 12.75% | Derived |
| July 1, 2024 | 13.25% | Derived |
| January 1, 2024 | 13.25% | Derived |
| July 1, 2023 | 13% | Derived |
| January 1, 2023 | 11.5% | Derived |
| July 1, 2022 | 9.25% | Derived |
| January 1, 2022 | 8.25% | Derived |
| July 1, 2021 | 8.1% | Derived |
| January 1, 2021 | 8.1% | Derived |
| July 1, 2020 | 8.1% | Derived |
| January 1, 2020 | 8.75% | Derived |
| July 1, 2019 | 8.75% | Derived |
| January 1, 2019 | 8.75% | Derived |
| July 1, 2018 | 8.5% | Derived |
| January 1, 2018 | 8.5% | Derived |
| July 1, 2017 | 8.25% | Derived |
| January 1, 2017 | 8.25% | Derived |
| July 1, 2016 | 8.5% | Derived |
| January 1, 2016 | 8.5% | Derived |
| July 1, 2015 | 8.5% | Derived |
Source & provenance
Latest value retrieved July 10, 2026 (02:55 UTC) from the official source:
https://www.bankofengland.co.uk/boeapps/database/_iadb-fromshowcolumns.asp?csv.x=yes&Datefrom=01/Jan/2015&Dateto=now&SeriesCodes=IUDBEDR&CSVF=TN&UsingCodes=Y&VPD=Y&VFD=N