Accounts and tax returns for private limited companies
Late accounts for Companies House
Your company will have to pay a penalty charge if you file your accounts after the due date.
|Time after the deadline||Penalty (for private limited companies)|
|Up to 1 month||£150|
|1 to 3 months||£375|
|3 to 6 months||£750|
|More than 6 months||£1,500|
Late Company Tax Return to HMRC
|Time after the deadline||Penalty|
|1 day late||£100|
|3 months late||Another £100|
|6 months late||HMRC will estimate your company’s tax bill and add a penalty of 10% the unpaid tax|
|12 months late||Another 10% of any unpaid tax|
If your returns are late 3 times in a row, the £100 penalties are increased to £500 each.
Late Annual Return
You can be fined up to £5,000 and your company struck off if you don’t send Companies House your annual return.
Late/non filing PAYE penalties
|Number of employees||Monthly penalty|
|1 to 9||£100|
|10 to 49||£200|
|50 to 249||£300|
|250 or more||£400|
Late/underpaid VAT Returns
You don’t pay a surcharge for your first default.
|Defaults within 12 m.||Surcharge if annual turnover is less than £150,000||Surcharge if annual turnover is £150,000 or more|
|2nd||No surcharge||2% (no surcharge if this is less than £400)|
|3rd||2% (no surcharge if this is less than £400)||5% (no surcharge if this is less than £400)|
|4th||5% (no surcharge if this is less than £400)||10% or £30 (whichever is more)|
|5th||10% or £30 (whichever is more)||15% or £30 (whichever is more)|
|6 or more||15% or £30 (whichever is more)||15% or £30 (whichever is more)|
Late Self Assessment tax returns
You’ll get a penalty of £100 if your tax return is up to 3 months late. You’ll have to pay more if it’s later, or if you pay your tax bill late.