Late filing penalties are intended to encourage directors of limited companies to file their accounts on time because this statutory information must be provided for the public record.
Periodically there are increases to the penalties, to take into account inflation, and also to increase the effectiveness of the legislation.
|
Current Penalties
|
||
|
Length of delay in filing
|
Private Company/
LLP
£
|
PLC
£
|
|
Not more than 1 month
|
150
|
750
|
|
More than 1 month but not more than 3 months
|
375
|
1500
|
|
More than 3 months but not more than 6 months
|
750
|
3000
|
|
More than 6 months but not more than 12 months
|
1500
|
7500
|
|
More than 12 months
|
1500
|
7500
|
NOTE: Where the previous years accounts were late, the above penalties are doubled.