Directors should make a diary date for filing deadlines
A £165m reminder to directors on the importance of getting accounts filed on time has been flagged in the latest report from Companies House, the body responsible for the UK's register of limited companies. The statistics from Companies House show that 98.5% of accounts were filed on time, but the 1.5% that missed their deadline resulted in 323,643 penalties being levied with a total value of £164.7m. The average penalty was £509 but almost £80m was raised by 80,000 ‘double penalties’, charged when companies file their accounts late for two…