Calculating Late Payment Interest on an Invoice. When you allow customers time to pay the balance on an invoice, you are actually extending credit. That's fine when customers pay on time.

The Hawai‘i Tourism Authority has resolved a dispute with its largest contractor, the Hawai‘i Visitors and Convention Bureau, ...

Kent Lewis, owner of digital marketing company Anvil Media, includes a clause in contracts saying late payments will be subject to a 10% interest charge.

Health plans can reduce late payment interest by up to 25% year over year by focusing on three critical areas.

HMRC is set to adjust its late payment rates following the Bank of England's decision to finally slash the base interest rate to 5 per cent. As a result, the tax man is reducing the interest rates ...

Under the amendment, a payment is considered late and interest begins to accrue 45 days following the public entity's receipt of a proper request for payment.

It is not uncommon for loan agreements to provide for fees, penalties, and default interest in the event of the borrower’s late payment. However, a ...

It's getting more expensive to borrow from banks in America, and some credit-card holders are struggling to keep up because interest rates are rising.

The monthly rate of interest charged on late payments will also drop – from 1.5 percent to 0.75 percent.

Agencies could be on the hook for interest on late payments to government contractors, as President Donald Trump seeks to overhaul the contractor payment system. On Feb. 26, the president signed ...