Late filing penalties

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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.

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