The Small Business Commissioner has published A Guide to Payment Rights for Small Businesses, designed to help firms understand and protect their rights when customers pay late. The guide covers legal rights, payment terms and deadlines, the statutory right to charge interest on overdue invoices, and fixed compensation for recovery costs. It also explains practical steps businesses can take to secure payment and protect themselves from poor payment practices. Alongside the guide, the Commissioner provides self-help tools including an interest calculator, a contract guide and further practical advice. The resource is intended to help small businesses understand what they can claim, strengthen their payment processes and take informed action when invoices are not paid within agreed terms or remain unpaid. To access the guide, go to https://www.smallbusinesscommissioner.gov.uk/help-and-guidance/all-advice/a-guide-to-payment-rights-for-small-businesses/.

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