These penalties increase with time, so, if you miss deadlines on more than one occasion, you can expect it to cost you dearly, as shown below. If your company is VAT registered on either the Flat Rate Scheme or the standard scheme , you will most likely have a VAT return due at the same time as your company year end.
VAT returns aren't often thought of as part of a company year end, but they usually coincide with one. As a director of a limited company, you need to confirm your company information with Companies House once a year. Failure to file a Confirmation Statement can result in directors being fined personally in criminal courts, and companies being struck off the Companies House register.
You need to file your Confirmation Statement at least once a year and within 14 days of its due date. The due date is normally a year after your incorporation or the date you last completed a Confirmation Statement. You must submit a Confirmation Statement even if the company is dormant. We've written another article which looks at all the things you need to file as a limited company director and when.
The run-up to your year end is the perfect time to think about some financial and tax planning. This can help minimise your tax bill in the immediate future and also the long-term. Options include paying money into ISAs, bringing your spouse or partner into your business and channelling some of your income into a pension.
It's a great idea to review your service providers once a year anyway to make sure you're getting value for money - why not do it at your year end? That way you can ditch any overpriced or unneeded suppliers and start afresh in the new financial year.
If you don't have an accountant or are looking to switch, give our friendly team a call on or arrange a free consultation. What we do. Who we help. Get started Log in. Get a callback. Learn more Got it! Knowledge Tax. Sales: Limited Clients: Umbrella Clients: Client Portal. Who Can we Help? How does an Umbrella Company work? Umbrella — What to Look For? Limited or Umbrella? I have a limited company — when are my annual accounts due? Download the Ultimate Guide to Contracting. Free Download: the Ultimate Guide to Contracting.
Fill in a few details and your download will begin instantly. Yes - I am happy to receive the occasional Marketing email and news about the contractor industry. No - I do not want to receive Marketing emails. This field is for validation purposes and should be left unchanged. Deadlines for filing annual accounts with Companies House As a limited company director you are required to file annual statutory accounts with Companies House. For example: Company A incorporates on 13th October What needs to be included in annual accounts?
What is a micro-entity? Last updated 14th October We've been providing specialist contractor accountancy for over 20 years. See Our Packages. About Churchill Knight. However there was no reference to resubmission to CH. Nor was there any guidance as to whether this was possible, or how to go about it. Eventually I had to phone CH to be told that any amendment would need to be submitted in paper form.
In an ideal world, amendments should be accepted by CH before the acceptance of accounts, and be possible online. But if the processes for this are not yet in place, at least post a warning on the amendment option on the Government Gateway for joint filing to say that you can't submit amendments to CH yet, and that a paper re-submission will be required.
It would save a lot of confusion on users' part and a slew of telephone calls to yourselves at a busy time of year. Comment by Jonathan Moyle posted on on 11 December Comment by Karem Ortiz posted on on 18 December A letter from companies house arrived today.
It is a limited company and I am the director. TO fill my annual accounts and corporate tax return when would be the deadline for me? Comment by Jonathan Moyle posted on on 21 January Please contact our customer support team - enquiries companieshouse.
Our colleagues blog about themselves and their work, our services and the information we hold on the Companies House register. It's also a busy time at Companies House. Here are a few tips to help you file your accounts on time during this busy festive period. Plan early Start planning early for filing your accounts and make sure you know your company's filing deadline dates. Email reminders You can sign up to receive email reminders. Avoid rejection Our online service has inbuilt checks to make sure all the relevant information is provided before you can submit.
Paper accounts If you have to file paper accounts, you could use a guaranteed next day delivery service. We will not accept postal delays as an excuse for late filing. If you cannot file on time We do accept that sometimes there'll be unplanned events which stop you filing your accounts on time.
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