EU Late Payment Directive
Late Payment Interest Calculator
Calculate the interest and collection costs you're legally entitled to on overdue invoices. Compliant with EU Late Payment Directive 2011/7/EU.
Invoice Details
€
The original invoice total
Actual or expected payment date
Statutory rates based on central bank + 8%
Interest Calculation
Invoice is overdue by
30 days
Total Amount Owed
€1048.63
Original Invoice
€1000.00
Interest Owed
10.5% annual × 30 days
+€8.63
Collection Costs
EU Directive 2011/7/EU
+€40.00
Daily Interest Accruing
€0.29 per day
Interest at different overdue periods
30d
+€9
60d
+€17
90d
+€26
180d
+€52
Formal Payment Notice
Dear Customer, This is a formal notice regarding the outstanding payment for invoice amount €1000.00, which was due on 23/01/2026. As of today, the invoice is 30 days overdue. In accordance with the EU Late Payment Directive (2011/7/EU), we are entitled to charge: • Interest at 10.5% per annum: €8.63 • Fixed collection costs: €40.00 Total amount now due: €1048.63 Please arrange payment within 7 days to avoid further action. Regards, [Your Company Name]
This is a template only. Consult a legal professional for formal debt collection.
EU Late Payment Directive
What is it?
EU Directive 2011/7/EU protects businesses from late payments in B2B transactions. It establishes minimum standards across all EU member states.
- Interest at ECB rate + 8% (currently 10.5%)
- Minimum €40 collection costs per invoice
- Max 60 day payment terms (30 for public)
Current Statutory Rates
Rates are updated twice yearly based on central bank reference rates.
Eurozone (ECB + 8%)10.5%
UK (BoE + 8%)8.0%
Collection costs (minimum)€40 min
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