Late filing penalties - how much are they?

Late filing penalties - how much are they?

Much depends on how late the company accounts are filed at Companies House.

There are significantly increased penalty bands applying to any accounts that are delivered late on or after 1 February 2009, whether they are filed under the Companies Act 1985 or the Companies Act 2006 (any penalties for late submission of accounts under the Companies Act 2006 are for financial years beginning on or after 6 April 2008).

The following table shows these bands:

Length of delay (measured from
the date the accounts are due)

Private
company

Public
company

Not more than 1 month

£150

£750

More than 1 month but not more than 3 months

£375

£1,500

More than 3 months but not more than 6 months

£750

£3,000

More than 6 months

£1500

£7,500

The level of penalty depends upon whether the company was public or private at the end of the financial year in question.

Double penalties

The amounts set out in the table above will be DOUBLED in cases where:

  • The accounts are filed late under the Companies Act 2006; and
  • The previous year’s accounts under the 2006 Act (i.e. for a financial year beginning on or after 6 April 2008), were also late.
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