Invoicing
Payment Terms for Invoices UK: 7, 14, 30 Days Explained
9 min read
Thistle Team•Tax & Compliance Experts
Common Payment Terms
- Net 7: Payment due in 7 days
- Net 14: Payment due in 14 days
- Net 30: Payment due in 30 days (most common)
- Due on Receipt: Immediate payment
Frequently Asked Questions
What are standard payment terms UK?
30 days is most common, but you can set 7, 14, or immediate payment terms.
Can I charge interest on late payments?
Yes, you can charge 8% + Bank of England base rate on late B2B payments.
Related Articles
Invoicing
How to Write an Invoice UK: Template & Legal Requirements for 2026
Complete guide to creating professional, legally compliant invoices in the UK. Includes free template, VAT invoice requirements, and payment terms best practices.
InvoicingLate Payment Interest UK: How to Charge Clients 2026
Your rights to charge late payment interest in the UK. Rates, how to calculate, and template letters.