Accountancy News

Miss your filing dates after 1 February 2009 and it will cost you more than you think!

To encourage directors of limited companies to file their annual accounts on time, from the 1 February 2009 new late filing penalties will be applied.

How late are the accounts delivered	Penalty Private Co. / LLP	Penalty PLC
Not more than one month	£150	£750
More than one month but not more than three months	£375	£1,500
More than three months but not more than six months	£750	£3,000
More than six months	£1,500	£7,500

If you would like any additional information, please call your usual contact at Frank Hirth.

Changes to the due date for filing accounts

The filing dates for accounts will be reduced from 10 months to 9 months for private companies and limited liability partnerships and from 7 months to 6 months for PLCs. This will come into effect if you have your accounting period beginning on or after 6 April 2008.

Company / LLP accounting period start date	Company / LLP accounting reference date	Deadline for delivery of Annual Accounts to Companies House
Company / LLP accounting period start date	Company / LLP accounting reference date	Penalty Private Co. / LLP	Penalty PLC
Example for accounting period starting before 6 April 2008
1 April 2008	31 March 2009	31 January 2010	31 October 2009
Example for accounting period starting on or after 6 April 2008
6 April 2008	5 April 2009	5 January 2010	5 October 2009
1 May 2008	30 April 2009	31 January 2010	31 October 2009
1 March 2009	28 February 2010	30 November 2010	31 August 2010

Different rules may apply for your first accounts. If you would like any additional information, please call your usual contact at Frank Hirth.