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Late filing Penalties

Companies handed late filing penalties

According to Accountancy Daily last year thousands of late filing penalties were issued for the late filing of company accounts. In fact over 25,000 companies completely missed the 30th September deadline.

It seems that the deadline of the 30 September (which quite a common company deadline) often gets missed.

With the summer holidays over and the school year now upon us, September can be a busy time for many people

Senior enforcement manager Ian Gronland Companies House

Companies House have reported that a total of 25,049 companies failed to meet the end of September filing date in 2018 and another 643 companies filed their accounts in the final hour, narrowly avoiding a penalty.

In total 223,640 late filing penalties were issued totaling a 223K!

This year Companies House are urging company directors to be aware of their responsibilities and to ensure annual accounts are filed with both Companies House and HMRC promptly.

Companies and directors must be aware of their responsibility to file accounts with Companies House. Companies can sign up to receive email reminders, which can be sent to up to 4 email addresses.

There will always be unforeseen events that mean a company is unable to file accounts on time. In exceptional circumstances, companies can request an extension to the filing deadline, however these requests must be received before the filing deadline.

Most companies can file electronically – it’s faster and easier. The Companies House Webfiling service has built in checks to ensure all relevant information is provided before a customer can submit. It also provides filers with automatic email confirmation that accounts have been received and once they have been accepted for filing.

Nick Parker, senior enforcement manager Companies House

Read more on what is needed to compile your company accounts here, or speak to AJR & Co Ltd for further advice.