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.
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.
For accounts prepared under the new Companies Act, the penalties will also be doubled for late filing in two successive years.
Limited Liability Partnerships (LLPs)
Internet link: Companies House late filing penalties
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We can help with the preparation of accounts for all types of business. Whether you are a Sole Trader, Partnership, Limited Company, Limited Liability Partnership or a Charity, AGP has the expertise to deal with you. We help you fulfil all your obligations with HMRC, Companies House and any other regulatory body that you are required to report to.
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