Anger At Companies House Late Filing Penalties

According to some reports, Companies House have received just over 1,700 complaints and appeals from limited companies hit by late filing penalties. Due to the recent heavy snowfall and problems with Royal Mail deliveries, company accounts and annual returns failed to reach Companies House by the December 31^st deadline. As a result many companies found themselves hit with an unexpected fine of £150 or more.

Fulfilling Company Legal Obligations

Registering as a limited company there are a number of legal obligations and accountancy requirements which you are expected to comply with. Failure to meet your obligations could lead to financial penalties and in more serious situations a company may even be struck from the register.

It is important that you keep on top of your legal obligations and submit your accounts on time. Companies House has openly dismissed company pleas that the delay was caused by the extreme weather conditions. In fact they have stated:

“Disruption by bad weather may well be an exceptional circumstance for some companies, but the disruption to the postal services was not uniform across Britain and the majority of companies managed to get their accounts delivered on time, despite the weather […] If a company has received a penalty, we provide guidance on our website on the appeals process.”

Interestingly, FreelanceUK comment on how Companies House accounts show that they generated revenue of £85 million last year from late payment fines.

Supporting You

If you need support to keep on top of your accounts and ensure they get delivered on time, our accountancy services are ideal. Cut down on the potential headaches and keep costs down with our fixed-fee and start-up accountancy services.

Ease your dealings with Companies House by contacting us today! Ring 0800 0828727 and ask for accountancy support or contact our accountancy partners Pinnacle Accountancy directly on 0845 880 2557.

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