What are the Penalties for submitting my company accounts late?

Jul 16, 2013 | Uncategorized

Late filing penalties are intended to encourage directors of limited companies to file their accounts on time because this statutory information must be provided for the public record.

Periodically there are increases to the penalties, to take into account inflation, and also to increase the effectiveness of the legislation.

                                                                                       Current Penalties

Length of delay in filing

Private Company/

LLP

£

PLC

 

£

Not more than 1 month

150

750

More than 1 month but not more than 3 months

375

1500

More than 3 months but not more than 6 months

750

3000

More than 6 months but not more than 12 months

1500

7500

More than 12 months

1500

7500

NOTE:  Where the previous years accounts were late, the above penalties are doubled.