# How to pay an invoice: Prompt Payment Terms And Interest

> The Prompt Payment Terms And Interest carries 6 published figures read from 6 sources' own pages, from 15 to 60 day, read 17 October 2026.

Threewayly · https://threewayly.com/datasets/prompt-payment-terms-and-interest/ · computed 2026-10-18

**Range of the published figures:** 15 to 60 day (range 15 to 60 day; 6 sources with a figure; 6 of 11 sources read publish one).

6 of the 11 named sources read in full publish a figure; 5 publish none, read 17 October 2026.

## By rate period and counterparty type

| Breakdown | Median | Range | Sources |
|---|---|---|---|
| rate period US prompt payment rate 2026 Jul-Dec | 4.75 % | 4.75 to 4.75 % | 1 |
| rate period UK Bank Rate 2026-07-30 | 3.75 % | 3.75 to 3.75 % | 1 |
| counterparty type US federal payment due date | 30 day | 30 to 30 day | 1 |
| counterparty type US federal accelerated payment | 15 day | 15 to 15 day | 1 |
| counterparty type US federal constructive acceptance maximum | 30 day | 30 to 30 day | 1 |
| counterparty type DoD accelerated payment to small business | 15 day | 15 to 15 day | 1 |
| counterparty type EU fixed recovery compensation | 40 EUR | 40 to 40 EUR | 1 |
| counterparty type UK public authority maximum period | 30 day | 30 to 30 day | 1 |
| counterparty type UK business maximum period | 60 day | 60 to 60 day | 1 |

## Every figure, with its source

One row per source: the figure the source's own page publishes, the page, and the day it was read.

| Source | Figure | Breakdown | Read |
|---|---|---|---|
| [GOV.UK late commercial payments interest and debt recovery](https://www.gov.uk/late-commercial-payments-interest-debt-recovery) | 60 day | UK business maximum period | 2026-10-17 |
| [Directive 2011/7/EU on combating late payment](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32011L0007) | 40 EUR | EU fixed recovery compensation | 2026-10-16 |
| [eCFR 5 CFR part 1315 Prompt Payment](https://www.ecfr.gov/current/title-5/chapter-III/subchapter-B/part-1315) | 30 day | US federal payment due date | 2026-10-16 |
| [FAR Part 32 contract financing and payment](https://www.acquisition.gov/far/part-32) | 30 day | US federal constructive acceptance maximum | 2026-10-16 |
| [GOV.UK late commercial payments interest and debt recovery](https://www.gov.uk/late-commercial-payments-interest-debt-recovery) | 30 day | UK public authority maximum period | 2026-10-17 |
| [eCFR 5 CFR part 1315 Prompt Payment](https://www.ecfr.gov/current/title-5/chapter-III/subchapter-B/part-1315) | 15 day | US federal accelerated payment | 2026-10-16 |
| [FAR Part 32 contract financing and payment](https://www.acquisition.gov/far/part-32) | 15 day | DoD accelerated payment to small business | 2026-10-16 |
| [US Treasury prompt payment](https://fiscal.treasury.gov/prompt-payment/) | 4.75 % | US prompt payment rate 2026 Jul-Dec | 2026-10-11 |
| [Bank of England Bank Rate](https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate) | 3.75 % | UK Bank Rate 2026-07-30 | 2026-10-16 |

## The sentence each figure was read from (9)

- [GOV.UK late commercial payments interest and debt recovery](https://www.gov.uk/late-commercial-payments-interest-debt-recovery), read 2026-10-17: "You can agree a longer period than 60 days for business transactions - but it must be fair to both businesses."
- [Directive 2011/7/EU on combating late payment](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32011L0007), read 2026-10-16: "Compensation for recovery costs Member States shall ensure that, where interest for late payment becomes payable in commercial transactions in accordance with Article 3 or 4, the creditor is entitled to obtain from the debtor, as a minimum, a fixed sum of EUR 40."
- [eCFR 5 CFR part 1315 Prompt Payment](https://www.ecfr.gov/current/title-5/chapter-III/subchapter-B/part-1315), read 2026-10-16: "The payment due date for interim payments under cost-reimbursement service contracts shall be 30 days after the date of receipt of a proper invoice."
- [FAR Part 32 contract financing and payment](https://www.acquisition.gov/far/part-32), read 2026-10-16: "(4) Agency heads must not prescribe a period shorter than 7 days or longer than 30 days."
- [GOV.UK late commercial payments interest and debt recovery](https://www.gov.uk/late-commercial-payments-interest-debt-recovery), read 2026-10-17: "If you agree a payment date, it must usually be within 30 days for public authorities or 60 days for business transactions."
- [eCFR 5 CFR part 1315 Prompt Payment](https://www.ecfr.gov/current/title-5/chapter-III/subchapter-B/part-1315), read 2026-10-16: "Payment may be made within 15 days after the date of receipt of the invoice."
- [FAR Part 32 contract financing and payment](https://www.acquisition.gov/far/part-32), read 2026-10-16: "3801(b), DoD shall provide accelerated payments, to the fullest extent permitted by law, with a goal of 15 days after receipt of a proper invoice and all other required documentation, to—"
- [US Treasury prompt payment](https://fiscal.treasury.gov/prompt-payment/), read 2026-10-11: "The Prompt Payment interest rate for July 1– December 31, 2026 is 4.75%."
- [Bank of England Bank Rate](https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate), read 2026-10-16: "Our latest decision: Bank Rate held at 3.75%"

## Read in full, publishes no figure

- [US Treasury prompt payment interest rates table](https://www.fiscal.treasury.gov/fsservices/gov/pmt/promptPayment/rates.htm), read 2026-10-09: every candidate on the page was refused
- [US Treasury prompt payment FAQs](https://fiscal.treasury.gov/prompt-payment/faqs.html), read 2026-10-09: every candidate on the page was refused
- [Federal Register prompt payment interest rate notice](https://www.federalregister.gov/documents/2025/07/31/2025-14441/prompt-payment-interest-rate-contract-disputes-act), read 2026-09-11: read in full and no accepted figure on the page
- [Late Payment of Commercial Debts (Interest) Act 1998](https://www.legislation.gov.uk/ukpga/1998/20/contents), read 2026-09-11: read in full and no accepted figure on the page
- [Late Payment of Commercial Debts Regulations 2002](https://www.legislation.gov.uk/uksi/2002/1675/made), read 2026-09-11: read in full and no accepted figure on the page

## Methodology

Every row is a verbatim sentence read from the named source's own page through our fetch service on the date shown, hash-pinned to the stored read (the sha of the page's visible text; the raw page is mirrored to R2). 6 of the 11 named sources that could be read published a usable figure; 5 published none and are recorded as not published, never filled in; 0 could not be read (blocked, dead or unreachable) and count nowhere. The headline figures (median, minimum, maximum, quartiles) are over ONE figure per source for each breakdown it prices, in day (a source's median where its page yielded several accepted sentences for one breakdown), so a page that gives figures for several breakdowns gives one for each and N counts 6 figures, never sentences; 42 candidate sentence(s) were refused by a reviewer with the reason recorded. The fuller derivation this dataset is chartered to grow into (not yet what the figures above are; they are each source's own published figure as read): one row per jurisdiction per rule: the maximum payment period the law allows for a public body and for a business, the date the clock starts, the statutory late-payment interest rate in force now, the fixed recovery compensation, and the rate's own history - each quoted from the authority that sets it (Treasury's semiannual Prompt Payment rate, the Bank of England base rate plus eight points for the UK, the ECB reference rate plus eight for the EU). The derivation is the SERIES: the rate by period back through every change, so the interest owed on a specific overdue invoice can be computed at the rate that was in force on its due date, which is what the UK Act actually requires and what no calculator page shows.

## Sources

- [US Treasury prompt payment](https://fiscal.treasury.gov/prompt-payment/) (the publisher's own terms; quoted for reporting and comment)
- [US Treasury prompt payment interest rates table](https://www.fiscal.treasury.gov/fsservices/gov/pmt/promptPayment/rates.htm) (the publisher's own terms; quoted for reporting and comment)
- [US Treasury prompt payment FAQs](https://fiscal.treasury.gov/prompt-payment/faqs.html) (the publisher's own terms; quoted for reporting and comment)
- [eCFR 5 CFR part 1315 Prompt Payment](https://www.ecfr.gov/current/title-5/chapter-III/subchapter-B/part-1315) (the publisher's own terms; quoted for reporting and comment)
- [Federal Register prompt payment interest rate notice](https://www.federalregister.gov/documents/2025/07/31/2025-14441/prompt-payment-interest-rate-contract-disputes-act) (the publisher's own terms; quoted for reporting and comment)
- [FAR Part 32 contract financing and payment](https://www.acquisition.gov/far/part-32) (the publisher's own terms; quoted for reporting and comment)
- [Late Payment of Commercial Debts (Interest) Act 1998](https://www.legislation.gov.uk/ukpga/1998/20/contents) (the publisher's own terms; quoted for reporting and comment)
- [Late Payment of Commercial Debts Regulations 2002](https://www.legislation.gov.uk/uksi/2002/1675/made) (the publisher's own terms; quoted for reporting and comment)
- [GOV.UK late commercial payments interest and debt recovery](https://www.gov.uk/late-commercial-payments-interest-debt-recovery) (the publisher's own terms; quoted for reporting and comment)
- [Directive 2011/7/EU on combating late payment](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32011L0007) (the publisher's own terms; quoted for reporting and comment)
- [Bank of England Bank Rate](https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate) (the publisher's own terms; quoted for reporting and comment)

## Cite or embed

- The Prompt Payment Terms And Interest carries 6 published figures read from 6 sources' own pages, from 15 to 60 day, read 17 October 2026.
- 6 of the 11 named sources read in full publish a figure; 5 publish none, read 17 October 2026.
- Prompt Payment Terms And Interest, rate period US prompt payment rate 2026 Jul-Dec: median 4.75 percent across 1 source, read 17 October 2026.
- Prompt Payment Terms And Interest, rate period UK Bank Rate 2026-07-30: median 3.75 percent across 1 source, read 17 October 2026.
- Prompt Payment Terms And Interest, counterparty type US federal payment due date: median 30 day across 1 source, read 17 October 2026.
- Prompt Payment Terms And Interest, counterparty type US federal accelerated payment: median 15 day across 1 source, read 17 October 2026.
- Prompt Payment Terms And Interest, counterparty type US federal constructive acceptance maximum: median 30 day across 1 source, read 17 October 2026.
- Prompt Payment Terms And Interest, counterparty type DoD accelerated payment to small business: median 15 day across 1 source, read 17 October 2026.
- Prompt Payment Terms And Interest, counterparty type EU fixed recovery compensation: median 40 EUR across 1 source, read 17 October 2026.
- Prompt Payment Terms And Interest, counterparty type UK public authority maximum period: median 30 day across 1 source, read 17 October 2026.
- Prompt Payment Terms And Interest, counterparty type UK business maximum period: median 60 day across 1 source, read 17 October 2026.

Cite as: "Threewayly Prompt Payment Terms And Interest", updated 2026-10-18, https://threewayly.com/datasets/prompt-payment-terms-and-interest/.

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