Companies handed 223k penalties for late filing accounts

Thousands of penalties for late filing of company accounts were handed out in 2018 with more than 25,000 companies missing the 30 September deadline

With this year’s deadline fast approaching, Companies House is urging companies to keep on top of their filing responsibilities.

30 September marks a common deadline for many companies, Companies House said, confirming that a total of 25,049 companies failed to meet this date for filing in 2018.

Another 643 companies narrowly avoided a penalty, filing their accounts in the final hour before the deadline. In total, 223,640 late filing penalties were handed out in 2018.

These figures include all corporate bodies to which late filing penalties apply, such as private limited companies and limited liability partnerships.

Senior enforcement manager Ian Gronland said: ‘With the summer holidays over and the school year now upon us, September can be a busy time for many people.

‘However, if you are a company director you should be aware of your responsibilities to file annual accounts with Companies House on time. Failure to do so will result in a late filing penalty.

‘Filing electronically is easier and faster, and our digital services have in-built checks to ensure that any necessary information is provided before accounts can be submitted.’

Essential reading

Top 10 tips for preparing year-end accounts – part 1

Top 10 tips for filing year-end accounts – part 2

 

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