Company Accounts Filing Deadlines
Companies must file their accounts with the Registrar of Companies within nine months of the year end. Failure to do so incurs an automatic penalty of £150 if the accounts are up to one month late, the fine then increases to £375 if they are more than a month late but less than 3 months late. Thereafter the penalty is £750 for up to six months late and then £1,500 if the accounts are more than 6 months late.
Accounts and Corporation Tax returns have to be filed with the Inland Revenue within twelve months of the year end; however, any Corporation Tax due has to be paid nine months after the year end. If the filing deadline is not met the Inland Revenue impose a £100 fine which also increases as more time elapses.
So a company with a 31st December year end:
Corporation tax due 1st October
Accounts to Registrar of Companies 30th September
Accounts and Tax return to Inland Revenue 31st December
Charities
Charities must file their Accounts and Annual Return with the Charity Commission within ten months of their year end. NOTE: Charitable companies are also subject to the Company deadlines referred to above.
Special Cases
Please note some businesses may be subject to special regulations requiring earlier submission of accounts. For example both Solicitors and ABTA Travel Agents must file accounts within six months of the year end with the relevant regulatory authorities.
We can not be held responsible for any penalties which may arise if we have received your books and records after the deadline specified in our letter of engagement.
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