Late Filing Penalties

Companies House late filing penalties for private companies and Limited Liability partnerships and why it is important to file your company accounts on time.

  • If you do not pay in time it can be costly financially and reputationally.

Here we discuss the deadlines that you should work towards and the penalties that will be charged if you do not meet those deadlines on time.

As a business it is always best to have access to timely prepared financial information that is submitted on time and available to the business to make decisions throughout the year.

Third parties can also often ask to see your accounts (such as when applying for a loan or other finance). Not having that information to hand can cause delays.

We can help to get you on track and keep you on track. Get in touch for details of how we may be able to support you and your business.

Filing Deadlines

The first set of accounts (if they cover a period of more than 12 months) must be filed with Companies House within 21 months of the date of incorporation, or 3 months from the accounting reference date – whichever is longer.

In subsequent years, a private company, or limited liability partnership, has 9 months from the end of the accounting reference date to file their accounts with Companies House.

If you are a director of a private company, or a designated member of a limited liability partnership, you are personally responsible for delivering the accounts to Companies House, within the above time frames.

Late Filing Penalties

An automatic penalty is imposed if accounts are filed late.

The level of penalty depends on how late the accounts are in reaching Companies House.

For a private company, or limited liability partnership the current penalties are as follows:

 

Length of period (measured from the date
the accounts are due
)
Penalty
Not more than 1 month £150
More than 1 month, but not more than 3 months £375
More than 3 months, but not more than 6 months £750
More than 6 months £1,500

 

Important Note

It should also be noted that these penalties will be doubled in the event that accounts are filed late in 2 successive financial years.


Shaw Austin are a firm of Chartered Accountants based in Chester supporting independent business throughout the UK. We take the headache out of business accounting and taxation by providing our clients with a personal service.


This article includes tax rates, dates or data, which are correct on date of publishing. This is a general article to assist readers. Professional advice should always be taken in respect of your personal circumstances.

Published July 2022

Late Filing Penalties