{ "name": "latepaymentinterest.co.uk Statutory Late Payment Rate Series", "title": "Statutory Late Payment Rate Series", "url": "https://latepaymentinterest.co.uk/datasets/statutory-late-payment-rate-series/", "csv": "https://latepaymentinterest.co.uk/datasets/statutory-late-payment-rate-series.csv", "markdown": "https://latepaymentinterest.co.uk/datasets/statutory-late-payment-rate-series/index.md", "computed_at": "2026-10-21", "license": "https://latepaymentinterest.co.uk/terms", "headline": "The median published figure in the Statutory Late Payment Rate Series is 7.88 percent across 4 sources' own pages (range 3.75 to 8 percent), read 17 October 2026.", "quotes": [ "The median published figure in the Statutory Late Payment Rate Series is 7.88 percent across 4 sources' own pages (range 3.75 to 8 percent), read 17 October 2026.", "4 of the 19 named sources read in full publish a figure; 15 publish none, read 17 October 2026.", "Statutory Late Payment Rate Series, period 1 July 2026 to 31 December 2026 (Bank Rate in force on 30 June 2026): median 3.75 percent across 1 source, read 17 October 2026.", "The median is down 0.12 percent since 26 September 2026 (was 8 percent across 3)." ], "citation": "\"latepaymentinterest.co.uk Statutory Late Payment Rate Series\", updated 2026-10-21, https://latepaymentinterest.co.uk/datasets/statutory-late-payment-rate-series/.", "changed_since": { "since": "2026-09-26", "previous_median": 8, "delta": -0.125, "direction": "down", "sentence": "The median is down 0.12 percent since 26 September 2026 (was 8 percent across 3)." }, "national": { "unit": "%", "n": 4, "median": 7.875, "min": 3.75, "max": 8, "p25": 4.75, "p75": 8, "mean": 6.875, "units": { "%": 4 }, "published_sources": 4, "named_sources": 19, "read_sources": 19, "not_published": 15, "published_share": 0.211 }, "by_axis": { "period": { "1 July 2026 to 31 December 2026 (Bank Rate in force on 30 June 2026)": { "%": { "n": 1, "median": 3.75, "min": 3.75, "max": 3.75, "p25": 3.75, "p75": 3.75, "mean": 3.75 } } } }, "rows": [ { "source": "HMRC interest rates for late and early payments", "url": "https://www.gov.uk/government/publications/rates-and-allowances-hmrc-interest-rates-for-late-and-early-payments/rates-and-allowances-hmrc-interest-rates", "figure": "7.75%", "value": 7.75, "unit": "%", "vat": null, "axis": {}, "retrieved_at": "2026-10-17", "quote": "late payment interest rate — 7.75% from 9 January 2026", "source_class": "primary-government", "text_sha256": "d123618b99b9716a929ea8c274b1b315e3ed47abd3a0093cfa1a138d1febd668" }, { "source": "GOV.UK - charging interest on a commercial debt", "url": "https://www.gov.uk/late-commercial-payments-interest-debt-recovery/charging-interest-commercial-debt", "figure": "8%", "value": 8, "unit": "%", "vat": null, "axis": {}, "retrieved_at": "2026-10-17", "quote": "The interest you can charge if another business is late paying for goods or a service is ‘statutory interest’ - this is 8% plus the Bank of England base rate for business to business transactions.", "source_class": "primary-government", "text_sha256": "85547708f51bc04782ae6e85a8d541d2d9ae94b8d750d08052055ca2d5a779bf" }, { "source": "Small Business Commissioner - interest calculator", "url": "https://www.smallbusinesscommissioner.gov.uk/help-and-guidance/interest-calculator/", "figure": "8%", "value": 8, "unit": "%", "vat": null, "axis": {}, "retrieved_at": "2026-10-17", "quote": "The interest you can charge if another business is late paying for goods or a service is ‘statutory interest’ – this is 8% plus the Bank of England base rate for business-to-business transactions.", "source_class": "primary-government", "text_sha256": "beec7d45c18b00e2a774bde3a1e3429bfb2e83b3691a603626a4741490899475" }, { "source": "Bank of England - the interest rate (Bank Rate)", "url": "https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate", "figure": "3.75%", "value": 3.75, "unit": "%", "vat": null, "axis": { "period": "1 July 2026 to 31 December 2026 (Bank Rate in force on 30 June 2026)" }, "retrieved_at": "2026-10-16", "quote": "Bank Rate maintained at 3.75% - June 2026...", "source_class": "primary-government", "text_sha256": "daf93bbaf27862b1896df16c013adb9a1ab70d5409995a5b0d47036f5fd3993f" } ], "not_published": [ { "source": "GOV.UK - late commercial payments: charging interest and debt recovery", "url": "https://www.gov.uk/late-commercial-payments-interest-debt-recovery", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" }, { "source": "Late Payment of Commercial Debts (Interest) Act 1998 - contents", "url": "https://www.legislation.gov.uk/ukpga/1998/20/contents", "retrieved_at": "2026-09-11", "reason": "read in full and no accepted figure on the page" }, { "source": "Late Payment of Commercial Debts (Interest) Act 1998, section 6 (rate of interest)", "url": "https://www.legislation.gov.uk/ukpga/1998/20/section/6", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" }, { "source": "Late Payment of Commercial Debts (Interest) Act 1998, section 2 (qualifying debts)", "url": "https://www.legislation.gov.uk/ukpga/1998/20/section/2", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" }, { "source": "Late Payment of Commercial Debts (Rate of Interest) (No. 2) Order 1998", "url": "https://www.legislation.gov.uk/uksi/1998/2765/made", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" }, { "source": "Late Payment of Commercial Debts (Rate of Interest) (No. 3) Order 2002", "url": "https://www.legislation.gov.uk/uksi/2002/1675/made", "retrieved_at": "2026-09-11", "reason": "read in full and no accepted figure on the page" }, { "source": "Bank of England - Bank Rate history and data", "url": "https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp", "retrieved_at": "2026-10-10", "reason": "read in full and no accepted figure on the page" }, { "source": "Small Business Commissioner - interest calculator guidance", "url": "https://www.smallbusinesscommissioner.gov.uk/help-and-guidance/interest-calculator/interest-calculator-guidance/", "retrieved_at": "2026-09-12", "reason": "every candidate on the page was refused" }, { "source": "Judgments Act 1838, section 17 (interest on judgment debts)", "url": "https://www.legislation.gov.uk/ukpga/Vict/1-2/110/section/17", "retrieved_at": "2026-10-17", "reason": "read in full and no accepted figure on the page" }, { "source": "Judgment Debts (Rate of Interest) Order 1993", "url": "https://www.legislation.gov.uk/uksi/1993/564/made", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" }, { "source": "Late Payment of Commercial Debts Regulations 2013", "url": "https://www.legislation.gov.uk/uksi/2013/395/made", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" }, { "source": "Procurement Act 2023, section 73 (implied payment terms in public contracts)", "url": "https://www.legislation.gov.uk/ukpga/2023/54/section/73", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" }, { "source": "PPN 018 - a supplier's approach to payment in major contracts", "url": "https://www.gov.uk/government/publications/ppn-018-how-to-take-account-of-a-suppliers-approach-to-payment-in-the-procurement-of-major-contracts/ppn-018-taking-account-of-a-suppliers-approach-to-payment-in-the-procurement-of-major-contracts-html", "retrieved_at": "2026-09-12", "reason": "every candidate on the page was refused" }, { "source": "PPN 021 - payment spot checks in public sub-contracts", "url": "https://www.gov.uk/government/publications/ppn-021-payment-spot-checks-in-public-sub-contracts/ppn-021-payment-spot-checks-in-public-sub-contracts-html", "retrieved_at": "2026-09-12", "reason": "read in full and no accepted figure on the page" }, { "source": "European Central Bank - key ECB interest rates", "url": "https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html", "retrieved_at": "2026-09-26", "reason": "read in full and no accepted figure on the page" } ], "sources": [ { "url": "https://www.gov.uk/late-commercial-payments-interest-debt-recovery/charging-interest-commercial-debt", "label": "GOV.UK - charging interest on a commercial debt", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.gov.uk/late-commercial-payments-interest-debt-recovery", "label": "GOV.UK - late commercial payments: charging interest and debt recovery", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/ukpga/1998/20/contents", "label": "Late Payment of Commercial Debts (Interest) Act 1998 - contents", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/ukpga/1998/20/section/6", "label": "Late Payment of Commercial Debts (Interest) Act 1998, section 6 (rate of interest)", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/ukpga/1998/20/section/2", "label": "Late Payment of Commercial Debts (Interest) Act 1998, section 2 (qualifying debts)", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/uksi/1998/2765/made", "label": "Late Payment of Commercial Debts (Rate of Interest) (No. 2) Order 1998", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/uksi/2002/1675/made", "label": "Late Payment of Commercial Debts (Rate of Interest) (No. 3) Order 2002", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp", "label": "Bank of England - Bank Rate history and data", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate", "label": "Bank of England - the interest rate (Bank Rate)", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.smallbusinesscommissioner.gov.uk/help-and-guidance/interest-calculator/interest-calculator-guidance/", "label": "Small Business Commissioner - interest calculator guidance", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.smallbusinesscommissioner.gov.uk/help-and-guidance/interest-calculator/", "label": "Small Business Commissioner - interest calculator", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.gov.uk/government/publications/rates-and-allowances-hmrc-interest-rates-for-late-and-early-payments/rates-and-allowances-hmrc-interest-rates", "label": "HMRC interest rates for late and early payments", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/ukpga/Vict/1-2/110/section/17", "label": "Judgments Act 1838, section 17 (interest on judgment debts)", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/uksi/1993/564/made", "label": "Judgment Debts (Rate of Interest) Order 1993", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/uksi/2013/395/made", "label": "Late Payment of Commercial Debts Regulations 2013", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.legislation.gov.uk/ukpga/2023/54/section/73", "label": "Procurement Act 2023, section 73 (implied payment terms in public contracts)", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.gov.uk/government/publications/ppn-018-how-to-take-account-of-a-suppliers-approach-to-payment-in-the-procurement-of-major-contracts/ppn-018-taking-account-of-a-suppliers-approach-to-payment-in-the-procurement-of-major-contracts-html", "label": "PPN 018 - a supplier's approach to payment in major contracts", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.gov.uk/government/publications/ppn-021-payment-spot-checks-in-public-sub-contracts/ppn-021-payment-spot-checks-in-public-sub-contracts-html", "label": "PPN 021 - payment spot checks in public sub-contracts", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html", "label": "European Central Bank - key ECB interest rates", "license": "the publisher's own terms; quoted for reporting and comment" } ], "methodology": "Every row is a verbatim sentence read from the named source's own page through our fetch service on the date shown, hash-pinned to the stored read (the sha of the page's visible text; the raw page is mirrored to R2). 4 of the 19 named sources that could be read published a usable figure; 15 published none and are recorded as not published, never filled in; 0 could not be read (blocked, dead or unreachable) and count nowhere. The headline figures (median, minimum, maximum, quartiles) are over ONE figure per source in % (a source's median where its page yielded several accepted sentences), so N counts sources, never sentences; 40 candidate sentence(s) were refused by a reviewer with the reason recorded. The fuller derivation this dataset is chartered to grow into (not yet what the figures above are; they are each source's own published figure as read): one row per six-month statutory period since 1 November 1998: the Bank of England reference rate in force on the preceding 31 December or 30 June, the margin from the rate order then in force, and the resulting statutory rate - the dated series nobody publishes, which is exactly what a calculator needs to price an invoice that went unpaid across a rate change; beside it, the same period's HMRC late-payment rate (base plus 4%), the flat 8% judgment-debt rate and the euro-area directive rate, so the derived figure is the SPREAD between what the state charges a business and what a business may charge another", "embed": "

7.88 percent

median published figure, Statutory Late Payment Rate Series, across 4 sources, read 17 October 2026

Source: latepaymentinterest.co.uk Statutory Late Payment Rate Series
" }