COMPANY ACCOUNTS - LATE FILING PENALTIES INCREASED

The civil penalties payable by companies that fail to file their accounts at Companies House on time have been substantially increased.

The penalties payable where accounts are filed late on or after 1st February 2009 are as follows: -

Period of Lateness___________Private Company_______Public Company

1 month____________________________£150_________________£750
More than 1 month___________________£375_________________£1,500
but not more than 3 months
More than 3 months___________________£750________________£3,000
but not more than 6 months
More than 6 months__________________£1,500_______________£7,500

If the accounts for the company’s previous financial year (being a year ending on or after 1st February 2008) were also filed late, the penalty is double the relevant sum shown in the table.

If you would like to know more about late filing penalties, please contact David Dees or Nick Crook.

Filed: 12/03/2009 11:56:57