Late Payment Cost Calculator

How much is chasing payments really costing you? Calculate the true cost of late payments in time and money.

Your Situation

Profession

Average Session/Invoice Value

Number of Clients

Average Days Late Clients Pay

Hours Per Month Spent On:

Checking who has paid

Sending reminders/chasing

Awkward conversations

Your Hourly Rate (what your time is worth)

Use your session rate or the value you place on your free time.

What This Tool Calculates

This calculator shows the opportunity cost of time spent chasing payments — not statutory interest or legal compensation.

B2B vs B2C Clients

If you have business clients (B2B), you may have additional legal rights under the Late Payment of Commercial Debts (Interest) Act 1998, including:

Statutory interest at 8% above Bank of England base rate
Fixed compensation (£40–£100 depending on debt size)

For consumer clients (B2C), the Late Payment Act does not apply — your remedies are limited to your contract terms.

Learn more at gov.uk

This tool is for illustrative purposes only and does not constitute legal or financial advice. Consult a solicitor or accountant for advice specific to your situation.

Enter your session value and hourly rate to see how much late payments are costing you.

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