One of the hardest issues a business has is chasing payment - and current UK or European ruling supports compensation fees and late payment charges on the invoice value.
However, a lot of businesses are unaware of the legal ruling around this legislation and the exact rights on what can be charged.
Therefore, Paperwrk has launched a Late Payment Interest Calculator on Chasr that makes it simple for a user to enter some brief data on their overdue invoice, and we'll break down the exact late payment fee they are eligible to charge a client.
We have information in the Calculator for 30 Countries across Europe as well as Australia and New Zealand.
Log in to Chasr and visit https://chasr.paperwrk.io/interestcalculator