posted 18th December 2025
The Henfield Hall Trustees have approved the following terms to cover late payment of invoices
1. Payment Terms
Unless otherwise agreed in writing, all invoices are payable according to the terms stated on the invoice. (currently 21 days)
2. Statutory Interest
In accordance with the Late Payment of Commercial Debts (Interest) Act 1998, we reserve the right to charge statutory interest on overdue amounts. This is calculated at 8% per annum above the Bank of England base rate, accruing daily from the due date until payment is received in full.
3. Statutory Late Payment Fee
In addition to interest a statutory late payment fee of £40.00 will be added for all invoices up to £999.99 and for £70.00 for invoices between £1,000.00 and £9,999.99.
4. Application
These provisions apply to all transactions and are enforceable without the need for prior notice of late payment.