There are late filing penalties which are designed to encourage companies to file their accounts and reports on time. All companies, private and public, large or small, trading or non-trading must send their accounts to Companies House.
The late filing penalties guide has recently been updated although there have been no changes to the penalty amounts. The updated guidance confirms that during the COVID-19 outbreak, the Companies House telephone contact centre is closed and that no credit card payments can be taken over the telephone. Companies that had a late filing penalty on or after 30 March 2020, may be able to pay their late filing penalty online. If the penalty occurred before 30 March 2020, then payment should be made by BACS.
Late Due To Coronavirus?
Companies House has also confirmed that they will treat late filing penalty appeals sympathetically if the late delivery of accounts was caused by the coronavirus outbreak. They will also provide a break for companies to pay late filing penalties and provide additional support with payment plans.
The table of penalties for late submission is as follows:
If you have accounts that are overdue for submission to Companies House, contact MJB Avanti 01473 558866.