# Statute — Late Payment — Statutory interest, tracked

> Statutory interest, tracked (iPhone/iPad app by Thomas Halls.)

- Source: https://appshunter.io/ios/app/statute-late-payment/id6764013039 (this page in markdown: same URL + `.md`)
- Developer: [Thomas Halls](https://appshunter.io/developer/1871928935)
- Category: Finance, Business
- Price: Free
- Age rating: 4+
- Requires: iOS 17.0 · 8 MB
- Languages: American English
- Released: 2026-05-03
- Data updated: 2026-10-24

## What is Statute?

Statute calculates statutory interest and fixed compensation on overdue UK commercial invoices under the Late Payment of Commercial Debts (Interest) Act 1998 — and helps you actually claim them.

Built for UK freelancers, contractors, sole traders, and micro-businesses who are owed money and want to charge what they're legally entitled to without doing the maths themselves.

WHAT STATUTE DOES
• Calculates statutory interest at the Bank of England base rate plus 8%, with the correct six-month rate windows applied at 1 January and 1 July.
• Adds the fixed compensation tier (£40 / £70 / £100) per the Act.
• Tracks daily accrual on every unpaid invoice, with notifications at 1, 14, 30, and 60 days late.
• Generates a one-tap PDF demand notice you can email to the client.
• Lets you scan paper invoices, import PDFs, or enter manually.

QUIET COMPETENCE
Statute is built like a solicitor's letter, not a SaaS dashboard. Restrained typography. Citations to the Act. Every number you see is traceable to its calculation.

PRIVACY BY DESIGN
All data stays on your device. No accounts. No tracking. No ads. The only network call is an optional, occasional fetch of the Bank of England base rate from the BoE's public Statistical Database.

SUBSCRIPTION
A single subscription unlocks saving invoices, daily auto-recalculation, PDF generation, scanning, and notifications. The one-shot calculator stays free. £3.99 monthly or £24/year — Save 50% with a 7-day free trial.

THE FINE PRINT
Statute provides calculations based on UK statutory law. It is not legal advice. Calculations are estimates; verify with a solicitor for amounts in dispute.

Subscription terms: Statute offers an auto-renewable subscription. Statute Annual is £24.99/year (with a 7-day free trial). Statute Monthly is £3.99/month. Payment is charged to your Apple ID at confirmation. Subscriptions auto-renew unless cancelled at least 24 hours before the end of the current period. Manage or cancel any time in Settings → Apple ID → Subscriptions.

Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Privacy Policy: https://statute-8la.pages.dev/privacy.html

## Is Statute safe?

Not enough ratings yet to assess Statute.

## Is Statute legit?

Statute — Late Payment appears legitimate, with a few gaps. The AppsHunter Legitimacy Score for Statute is 65 out of 100 points across 7 verification signals from App Store and developer data.


## Version history (last 2 releases)

### 1.0.1 — 2026-05-04

Stability improvements.

### 1.0 — 2026-05-03

No release notes.

## More apps by Thomas Halls

- [BrickBank](https://appshunter.io/ios/app/brickbank/id6758277940)
- [GridSmash](https://appshunter.io/ios/app/gridsmash/id6761014566)
- [MagicDay – Disney Park Planner](https://appshunter.io/ios/app/magicday-disney-park-planner/id6761439427)
- [Brick Verdict](https://appshunter.io/ios/app/brick-verdict/id6764076254)
- [Terrace FC](https://appshunter.io/ios/app/terrace-fc/id6769799538)

All apps by Thomas Halls: https://appshunter.io/developer/1871928935

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-10-24.*