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Late payment interest calculator

Under Directive 2011/7/EU, when a business client pays you outside the agreed term you are entitled to late payment interest and to €40 flat compensation per invoice, without having had to demand it first.

€
days

With nothing agreed, the law applies 30 days. Between businesses it cannot exceed 60 without express agreement.

Leave it on today if it's still outstanding.

What you can claim

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The legal basis, to paste into your demand

  1. 01Art. 3: absent agreement, the payment period is 30 calendar days; between businesses it may not exceed 60 unless expressly agreed and not grossly unfair to the creditor.
  2. 02Art. 2(6) and 6(2): late payment interest is the ECB reference rate plus at least 8 percentage points.
  3. 03Art. 2(7): the applicable reference rate is the one in force on the first calendar day of the half-year, and it governs the following six months.
  4. 04Art. 6(1): on top of interest, the creditor is entitled to a fixed minimum sum of €40 per invoice, automatically and without any reminder being necessary.
  5. 05Art. 6(3): reasonable compensation for further recovery costs may also be claimed.

This is general information, not legal advice. Your Member State may have transposed a higher rate or a higher fixed sum.