Does the AI update the Bank of England base rate automatically?

Yes, the tool uses the current base rate and the statutory margin to ensure the math is up to date.

Can the AI send the interest calculation directly to my client?

No. The AI calculates the amount and provides the text to you, but you must send the message yourself.

Can the AI change the statutory margin?

No. The margin is fixed by law and the tool only applies the standard statutory margin.

Does it work for non-commercial debts?

No. This specific tool is designed for calculating interest on unpaid commercial debts.

Will the AI delete my original invoice data?

No. The AI only reads the data you provide to perform the calculation; it has no permission to delete your files.

CALCULATIONREPORTINGVERIFICATIONHUMAN

CALCULATION
REPORTING
VERIFICATION
HUMAN

How to calculate statutory interest with your AI

Connect your AI to the UK Statutory Interest Calculator. Once connected, your agent handles the math using current base rates.

Ask AI about this page

Short answer

How do I calculate statutory interest on a late payment?

Your AI calculates the total by applying the Bank of England base rate plus the statutory margin to the principal amount. It determines the exact amount accrued from the date the debt became due until today. You'll get a precise breakdown of the interest owed.

The results you get.

Where the data lands.

Your agent processes the debt details and delivers these specific outcomes.

CALCULATION

Exact interest totals

The AI uses accrued_interest to find the specific amount owed based on the debt's age and current rates.

REPORTING

Clear debt summaries

Your agent organizes the principal, the base rate, and the margin into a readable format for your records.

VERIFICATION

Rate compliance check

The AI confirms the calculation follows the statutory margin rules applied to the Bank of England base rate.

HUMAN

Manual review required

The AI provides the math, but you must review the final figure before sending it to a debtor or a court.

The workflow

What your AI does when the debt details arrive.

The AI moves from raw data to a finished calculation through these steps.

Identify debt parameters
Your agent pulls the principal amount and the original due date from your provided text or files.
accrued_interest
Apply statutory rates
The AI calculates the interest by combining the Bank of England base rate with the legal margin.
accrued_interest
Compute daily accrual
The tool determines the exact number of days elapsed to ensure the interest is accurate to the day.
accrued_interest
Format the result
Your agent presents the final interest amount and the breakdown of how it was reached.
accrued_interest

Try it

Copy these to start.

Use these prompts to trigger the calculation immediately.

Starting points

Swap the bracketed info for your actual debt details.

UK Statutory Interest Calculator Connector

You're all set. Choose your MCP client and follow the setup instructions.

Connector linkhttps://edge.vinkius.com/vk_preview_RzW0AQi2Ls0yIsGOmSxib5j6o39iKqT6fYiocgJw/mcp

Claude Desktop

Follow the steps below to connect in seconds.

1In Claude Desktop, open Settings → Connectors.
2Click “Add custom connector” and paste the connector link above as the remote MCP server URL.
3Click Add and start a new chat — UK Statutory Interest Calculator capabilities are ready to use.

Configuration · claude_desktop_config.jsonCopy

{
  "mcpServers": {
    "uk-statutory-interest-calculator-mcp": {
      "url": "https://edge.vinkius.com/vk_preview_RzW0AQi2Ls0yIsGOmSxib5j6o39iKqT6fYiocgJw/mcp"
    }
  }
}

Copy into chat04

Calculate the statutory interest for a debt of £5,000 that was due on 12 January 2024.
Using the UK Statutory Interest Calculator, find the interest accrued on a £12,450 invoice from last November.
What is the total amount owed if the principal is £800 and it has been unpaid since 15 March 2024?
Run a calculation for a commercial debt of £2,500 that became overdue 90 days ago.

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Start here

Connect UK Statutory Interest Calculator once, then ask.

Click the link to connect the MCP to your client. Your credentials stay encrypted, and you can start asking questions immediately.

Connect UK Statutory Interest Calculator to your AI

FAQ

How the calculator behaves

01
Does the AI update the Bank of England base rate automatically?
Yes, the tool uses the current base rate and the statutory margin to ensure the math is up to date.
02
Can the AI send the interest calculation directly to my client?
No. The AI calculates the amount and provides the text to you, but you must send the message yourself.
03
Can the AI change the statutory margin?
No. The margin is fixed by law and the tool only applies the standard statutory margin.
04
Does it work for non-commercial debts?
No. This specific tool is designed for calculating interest on unpaid commercial debts.
05
Will the AI delete my original invoice data?
No. The AI only reads the data you provide to perform the calculation; it has no permission to delete your files.
More questions about UK Statutory Interest Calculator? The Connector page answers them. See everything the UK Statutory Interest Calculator Connector can do

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