Posted: Tuesday, 27 January 2009 @ 11:40
Under the new Companies Act, Companies House are entitled to charge penalties for the late filing of Annual Accounts . These will come into force on 1st February 2009.
Yesterday, they announced that new penalties will be as follows:
For Private Companies (Ltd's):
Less than 1 month late: £150
Between 1 month and 3 months late: £375
Between 3 months and 6 months late: £750
More than 6 months late: £1,500
For Public Companies (PLCs):
Less than 1 month late: £750
Between 1 month and 3 months late: £1,500
Between 3 months and 6 months late: £3,000
More than 6 months late: £7,500
Also, if Accounts were filed late for the previous financial year (and the previous financial year began on or after 6th April 2008), then the above penalties are doubled.
Gary Cousins, Business Lawyer
Blog by Gary Cousins
Gary has been providing legal advice to shareholders, directors and business owners for over 25 years. Specialising in dispute resolution Gary is based in Birmingham with clients throughout the UK and overseas. View profile
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