If you don’t keep on top of your paperwork, the fines can soon rack up.

Late Filing Penalties exist which are designed to encourage companies to file their accounts and reports on time. The penalties were first introduced in 1992 and were significantly increased from February 2009.

According to Companies House, all companies, private and public, large or small, trading or non-trading must send their accounts to Companies House.

The table of penalties for late submission is below, so make sure you don’t fall into the trap of filing late and being faced with a fine!

If you are behind or need our help, contact us and if you’re in a real hurry, call or drop us a line with reference N2K SOS

How late are the accounts delivered  Penalty – Private Company    Penalty – PLC
Not more than one month     £150 £750
More than one month but not more than three months  £375 £1,500
More than three months but not more than six months     £750 £3,000
More than six months      £1,500 £7,500

Failure to file confirmation statements or accounts is a criminal offence, and which could see directors personally fined in the criminal courts.

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