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UK Company Accounts Filing: Consequence of Late Filing

Updated:2018-7-24 10:23:17    Source:www.tannet-group.comViews:322

UK company accounts filing must be conducted in accordance with the legal regulations in order to run your company safely in the United Kingdom. All companies, private or public, large or small, trading or non-trading, must send their accounts and reports to Companies House every year. If you submit company accounts and reports late, the law imposes an automatic penalty.

Period for Filing Your Accounts
The period allowed for filing your company’s accounts depends on whether you are filing your first accounts since incorporation or subsequent accounts.

1. First accounts
If your company’s first accounts cover a period of more than 12 months, you must deliver them to Companies House within 21 months of the date of incorporation for private companies and within 18 months for public companies, or 3 months from the accounting reference date, whichever is the longer.

2. Subsequent accounts
In subsequent years, a private company has 9 months from the end of the accounting reference period in which to deliver its accounts. A public company has 6 months. However if you change the accounting reference period the filing time may be reduced.

Late Filing Penalty Fees
The penalty only applies to company accounts. The level of the penalty depends on how late the accounts reach Companies House and is shown in the following table.

The penalties will be doubled if a company files its accounts late in 2 successive financial years beginning on or after 6 April 2008. This means that if a private company, has an accounting reference date of 30 September and the accounts for the period ending 30 September 2009 were delivered late and you delivered accounts for the subsequent period ending 30 September 2010 late, then you would incur a £300 late filing penalty.

Consequences of Non-filing
Failure to file confirmation statements, annual returns or accounts is a criminal offence which can result in directors being fined personally in the criminal courts. Failure to pay the late filing penalty can result in enforcement proceedings. Any criminal proceedings taken as a result of non-filing of confirmation statements, annual returns or accounts is separate from, and in addition to, any late filing penalty imposed against the company for filing accounts late. There is no late filing penalty imposed on confirmation statements or annual returns that have been filed late. The registrar may also take steps to strike the company off the public record if these documents are delivered late.

Tannet can not only help you set up a business in UK, but also handle the UK VAT registration and file the annual return and company accounts on your behalf. In addition, we also provide UK trademark registration and UK barcodes application services. Our experienced consultants will be glad to assist and advice on how to approach your particular challenge.

Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422 or 86-755-82143181 or emailing to You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen South Rd, Luohu, Shenzhen, China.

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