Filing deadlines and late filing penalties - Companies Act 2006

Previously limited companies had to file their accounts at Companies House within 10 months of their year end. Therefore if your year end was March 2008 the accounts were due in January 2009. Any companies that failed to file their accounts on time were fined £100 (this increases to £250 when they are more than 3 months late, £500 when more than 6 months late and £1000 if over 12 months late).

For accounting periods beginning on or after 6th April 2008 the filing deadline is now 9 months after the year end.

Penalties have also been increased for late filing of accounts; this will affect all companies whose accounts are filed after 31 January 2009.

The new penalties are significantly higher than at present – see the table below for more details.

The penalty is also DOUBLED for any company which also filed late the previous year.

This means it is even more important now that companies file their accounts at Companies House before the deadline.

How late are the accounts?
Penalty per Company
Not more than one month
More than one month but less than three
More than three months but not more than six
More than six months

You have been warned!

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