What can a business charge when an invoice is paid late in the EU?

The creditor is entitled to statutory interest of at least the ECB reference rate plus 8 percentage points, and to a fixed sum of at least 40 euros as compensation for recovery costs. The 40 euros is due without a reminder.

Recovery costs above 40 euros, such as a collection agency, can also be claimed if they are reasonable.

Directive 2011/7/EU (Late Payment Directive), Article 2, Article 6 · European Commission and the national courts

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