Late Payment Calculator
Written by Scott Jones, founder of PropertyKiln.
Work out how much interest and compensation you're owed when a tenant or contractor pays late.
This calculator provides estimates based on current UK tax rates and regulations. It is not financial advice. Results depend on your individual circumstances. Consult a qualified accountant for advice specific to your situation.
Calculate late payment interest
Work out how much interest and compensation you're owed when a commercial tenant, contractor or supplier pays late. (Commercial debts only — see note in the result for residential rent arrears.)
Defaults to today
Current BoE base rate periods
Aug 2024 – Nov 20245%
Nov 2024 – Feb 20254.75%
Feb 2025 – May 20254.5%
May 2025 – Aug 20254.25%
Aug 2025 – Dec 20254%
Dec 2025 onwards3.75%