Late filing penalty for limited liability partnership

Late filing penalty for Limited Liability Partnership (LLP) when you deliver your partnership accounts late to Companies House. Even if your accounts were just late by one day.

This late filing penalty is also applied to LLP that is dormant since it’s incorporation. In other words, even if your LLP is dormant you must still submit your dormant LLP accounts.

Usually, Companies House will send you the late filing penalty invoice after your LLP accounts were filed, accepted and published for public record. Consequently, your LLP must pay the late filing penalty unless you intend to appeal against it.

Generally, Companies House would consider your appeal if your circumstance leading to late filing of your accounts was exceptional. Subsequently, they may waive the late filing penalty for your limited liability partnership.

Ordinarily, when comes to assessing what is exceptional circumstance, Companies House is very strict. For example, your LLP is dormant. You did not know you require to submit a dormant account or that you do not have money to pay the penalty. Both of these circumstances are not considered exceptional.

On the other hand, you would have a better chance to get your late filing penalty waived. For instance, there was an unannounced postal strike by Royal Mail and you were affected by it.

However, if you are unable to pay the penalty now. You may write to Companies House to request to pay the penalty by instalments. You must include your propose instalment payment plan. For instance, say your penalty is £1500. You would like to pay £300 per month and you would settle it in 5 months.

Deliver accounts lateLate filing penalty apply
Less than 1 month £150
Less than 3 months £375
Less than 6 months £750
More than 6 months £1500

See accountants advice if you are not familiar with Companies House filings for your limited liability partnership.

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