28
Jan
Higher late filing of accounts penalties – watch
out!
If you run your own company you will no doubt be aware that
company law requires all companies to file a copy of their annual
accounts at Companies House by their ‘due date’.
Penalties become payable if these accounts are filed late.
With effect from 1 February 2009 higher late filing penalties
will be imposed on those companies that file their accounts
late.
Due date
You may recall that under normal circumstances a company must file
a copy of its accounts at Companies House within ten months of its
year end.
For accounting periods that begin on or after 6 April 2008 (that
is April 2009 year ends and onwards for most), a new Companies Act
has reduced this period to within nine months of the year end.
Limited Liability Partnerships (LLPs)
The shorter filing deadline and higher penalties also apply to
LLPs. However, the doubling of penalties for the late filing of
accounts in two successive years will only apply for two successive
late filings of accounts for financial years that begin on or after
1 October 2008.
Internet link: Companies House late filing penalties
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