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COMPANY LAW

What are the new late filing penalties?

The new table of penalties is a follows:

How late are the accounts delivered Penalty
Private Company
Penalty - PLC
Not more than one month 150 750
More than one month but not more than three months 375 1500
More than three months but not more than six months 750 3000
More than six months 1500 7500

In addition where there was a failure to comply with filing requirements in relation to the previous financial year (and that the previous financial year had begun on or after 6th April 2008), the penalty will be double that shown in the table.

When do these new penalties apply?

The new penalties apply from 1st February 2009.

 

 

 

 

 

 

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