LatePayCheck Help
How to use the calculator
LatePayCheck is a public informational tool for overdue B2B invoices. It is built to give a cautious estimate and clearer reminder wording, not legal advice.
What details do I need?
Enter the invoice amount, invoice date, a due date where known, and the date you want the estimate to run to. If there was no fixed payment term, tick the checkbox and optionally add a delivery or completion date.
What does UK statutory mode do?
It applies a simple annual estimate using 8% plus the current Bank of England base rate used in this release, and fixed compensation bands based on invoice value.
What does EU generic mode do?
It provides a cautious informational estimate with an 8% annual rate and a EUR 40 flat compensation baseline. Real rules vary by country and period.
Can I send the reminder templates as-is?
You can copy and adapt them, but you should review the facts, contract terms and jurisdiction before sending any formal payment communication.