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4 years 6 months ago #1892 by agilecontractor
Hi,

I currently have 3 invoices overdue from my agency due to them deciding to close up over xmas with no notice or arrangement to make payments in time.

Each invoice is around £3-4k and the payment terms stipulate payment within 14 days of invoice.

When this last happened I warned them via email that I would charge fees for any future late payments.

My question is, is my company entitled to charge the £70 fee plus interest for each of these late invoices or just £70 + interest for the whole combined debt?

Thanks,

AC

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4 years 2 months ago #1900 by james@cpa.co.uk
Dear AC,

Sorry for the late reply but I have only just become a moderator on this forum.

You are entitled to charge the late payment compensation separately on each invoice.

James Salmon
CPA plc

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