Businesses are now able to apply for a three month extension for filing their accounts at Companies House, to allow for the impacts of COVID-19 related delays and avoid the automatic penalty issued for late filing of company accounts. Companies wishing to utilise this extension will need to submit a formal application at Companies House, which can be made via a fast tracked system and we understand only takes 15 minutes to complete. If citing COVID-19 issues (or simply health matters) as the reason for the application, they will be automatically and immediately granted the extension.
Companies should ensure that they apply for this extension before the deadline for filing their accounts. If they do not apply for an extension in advance and their accounts are filed late, an automatic penalty will be imposed. The registrar has very limited discretion not to collect a penalty.
These notes have been prepared for the purpose of an article only. They should not be regarded as a substitute for taking legal advice