Ireland statutory interest calculator

European Communities (Late Payment in Commercial Transactions) Regulations 2012 (SI 580/2012, as amended). One ECB main refinancing rate + 8 percentage points per late payment, fixed by the half containing the payment date; compensation of €40 / €70 / €100 per late debt; simple interest on a daily (actual/365) basis. Governing law is selected explicitly — never inferred from currency.

Enter the invoice total including VAT, the relevant payment (due) date, and an as-of date. Optional dated payments (one per line as DATE:AMOUNT) produce a payment-aware schedule; every payment is allocated to principal only.

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