Companies House urge businesses to not leave filing accounts to the last minute

As the disruption caused by Covid-19 continues to affect peoples lives, businesses and the economy, companies are being urged to consider going paperless and to not file their annual accounts at the last minute.

Paper accounts which are submitted too close to the deadline (31 December 2020) and which are rejected run the risk of not having enough time to be corrected, resubmitted and manually checked.

There is currently a reduced number of staff working in the Companies House offices due to government guidance and restrictions. As a result, the processing of paper accounts for the 2019/20 financial year is expected to take significantly longer this year.

Companies House is encouraging directors to use the online filing service instead.  The online service, (available 24 hours 7-days a week),  is quick and takes as little as 15 to complete. The service also has inbuilt checks which help directors avoid mistakes. According to Companies House: ‘Accounts filed on paper are 6 times more likely to be rejected than accounts submitted electronically’.

Late accounts would usually incur an automatic late filing penalty; however, if the late delivery of accounts was directly caused by the coronavirus outbreak, Companies House will be treating penalty appeals more sympathetically. 

Click here to access the Companies House online filing service.

Companies can also use third party software to file accounts electronically. For more information about this click here.

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