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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…

Changes that affect your confirmation statements

The Confirmation Statement – Replacing the Annual Return Where UK limited companies and LLPs were required to file an annual return they will now be required to complete a new form, the confirmation statement, which is to be filed at Companies House. This is one of the many changes that have been brought in by the Small Business, Enterprise and Employment Act 2015 – other important changes in this legislation include the requirement for companies to keep a Persons of Significant Control Register (PSC Register) and a ban on corporate directors.…

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