UK Gov Urges Early Account Filings to Dodge Penalties

All limited companies, whether they trade or not, must deliver annual accounts to us each year. This includes dormant companies.

Understanding your responsibilities

Running your own company can be exciting but also challenging. Directors have lots of responsibilities including keeping company records up-to-date and making sure they're filed on time. You need to understand your role as a director, the importance of remaining compliant and how late filing could affect your company.

Missing your filing deadline could affect your credit score or access to finance. It can affect how others view your company and whether they want to do business with you. There are also financial penalties and legal consequences - you could get a criminal record, a fine or disqualification.

Even if an accountant files your company's accounts on your behalf, it's still your responsibility, as director, to make sure they're filed on time.

File online

If you file using our online services we'll send you an email to confirm we've received your accounts. We'll send you another email when we've registered your accounts.

To file online, you may need your company authentication code. If you need to request a new code, you should allow up to 5 days for this to arrive at the company's registered office.

Software filing

Over 65% of companies use software filing as their preferred method.

There are a variety of software providers which offer a range of accounting packages to prepare and file accounts. Most types of accounts can be filed using software, depending on the functionality of the software package you're using.

In the future, as part of new legislation brought about by the Economic Crime and Corporate Transparency Bill, you'll only be able to file your accounts using software. This means you'll no longer be able to file accounts on paper or using our online services.

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