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This uplift is a legal entitlement under government legislation. You can claim this additional money as long as you fulfil the requirements below:

  1. The debt was incurred in the supply of goods and services.
  2. Your debtor bought from you for business purposes.
  3. The debts are not consumer credit agreements.
  4. There are no other types of late payment interest in your terms and conditions.

* First 20 letters per year are free of charge for FSB Business Essentials members sending letters to a UK address. Additional letters attract a small charge of £5 for a late payment demand or £2 for a letter before action.

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