How to avoid late filing penalty

How to avoid late filing penalty

Every limited company has a company accounts filing due date set by Companies House. If you are not sure when is your company’s accounts filing deadline, you can use Companies House Webcheck service to find out or ask your accountant.

Companies House will issue late filing penalty if your company accounts were filed late. The penalty must be paid and no excuse.

Avoid late filing penalty

Your company director has a duty to ensure your company accounts are delivered to Companies House within the time period allowed for filing.

A private limited company (LTD) is allowed to file their company accounts with Companies House within nine months after the end of its accounting year. Whereas a public limited company (PLC) has six months to deliver its company accounts after the end of their financial year.

If your company filing deadline is next day, you may like to consider using guaranteed next day delivery post service. This is because first class post does not guarantee next day delivery. You will get late filing penalty if your company accounts reach Companies House late even by just one day. The penalty is £150 if your company is a limited company and for a public company you will receive a £750 penalty notice.

Accounts rejected by Companies House

If you file your company accounts with Companies House on time but your company accounts do not meet the requirements of the Companies Act 2006 and they will be rejected. You will receive late
filing penalty if the corrected accounts were delivered after the filing deadline has passed.

Reminders for company accounts filing

If you already know your company accounts filing deadline, mark your company accounts filing deadline in your diary or smartphone calendar with alert set to remind yourself and to allow ample of time to arrange your company accounts be prepared and submitted with Companies House.

Reminders from Companies House

Companies House sends out reminders to your company registered office address. Ensure you have access to all your statutory mails sent to your registered office.

Companies House and HM Revenue and Customs send important letters to your company registered office requesting your company directors to take some form of actions of your limited company affairs.

If you are unable to access mails sent to your company’s registered office address, it is time to take action, to change your company registered office address and inform Companies House of your new registered office address.

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February 2019

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