Companies House has announced new penalties for companies who are late filing their financial accounts.  This will apply to such groups who are incorporated either as a Company by Guarantee, a Community Interest Company or the anticipated Charitable Incorporated Organisation.

The new penalties (as from 1st February 2009) are:

£150 for accounts, up to one month late

£375 for accounts,  one to three months late

£750 for accounts, three to six months late

£1500 for accounts, over six months late

Also, if accounts are filed late in two successive financial years they incur DOUBLE penalties!!!

If you ever wondered why you might need help from CA Plus with your accounts, this is it!!