If you are due to file your annual company accounts on or after the 1st February 2009, PayStream would like to make you aware that the penalties for late filing are increasing. Section 441 of the Companies Act 2006 requires all companies to deliver annual accounts by the due date. Section 453 states that a civil penalty shall be payable if the accounts are delivered late.
The new table of penalties is as follows:
|
How late the accounts are delivered |
Penalty |
|
Not more than one month |
£150 |
|
More than one month but not more than three months |
£375 |
|
More than three months but not more than six months |
£750 |
|
More than six months |
£1500 |
In addition, the penalty will double that shown on the table if you failed to comply with the filing deadline for the previous financial year (where this financial year began on or after the 6th April 2008).
PayStream’s Support
PayStream will prepare your annual accounts and send them to you approximately one month before the filing date is due. On receipt of your accounts, please make sure you sign and return them as soon as possible to ensure you avoid a penalty. If for whatever reason you don’t do this, we will send you a reminder by text message; we will even email and call you as the deadline approaches.