Upcoming Companies House Fee Increases

Companies House has announced that it will be increasing various filing fees effective from 1st May 2024. The increases are a result of the Economic Crime and Corporate Transparency Act as Companies House aims to improve the accuracy of the information on their register, expand and improve their digital service offering and protect against economic crime. Companies House is also aiming to cover the cost of the services they provide through the increases.

A full list of the fee changes can be found here and in this post we’ll break down the key increases that could impact you as a self-employed small business owner operating through a limited company.

Company Incorporation

The fee to incorporate your business will increase from £12 to £50 if you incorporate online or using software or £78 if you require a same day turnaround. If you’re a Gorilla Accounting client, we make it easy and our expert Company Formation Service will handle the whole company formation process for you from start to finish for just £100 + VAT. We can usually have your limited company set up the very same day!

Confirmation Statements

The fee to file your annual Confirmation Statement will increase from £13 to £34 if you file online and from £40 to £62 if you file using a paper CS01 form.

Change of Company Name

If you need to register a change of your company name with Companies House the fee will increase from £10 to £20 if you file online. If you need a same day turnaround and file online the fee will be £83 and if you file using a paper NM01 form the fee will increase from £8 to £30.

Voluntary Strike Off

If you’re dissolving your company you will pay an increased fee to get it struck off the register. If you file online the fee is increasing from £8 to £33 and if you file using a paper DS01 form the fee will increase from £10 to £44.

Administrative Restoration

If you haven’t submitted your annual accounts and confirmation statements to Companies House, they will send you a reminder. If you still fail to submit the required documentation there’s a risk that you’ll incur fines and penalties and your company might be forcibly struck off the register. It could also be struck off if you don’t notify Companies House about a change to your registered office address.

If your business does get struck off it no longer exists as a business entity and can’t trade. If you wish to restore it to the Companies House register, the fee to do so is increasing from £100 to £468. Although this fee is in proportion with the other increases, it’s a significant increase so it’s important to ensure that your statutory submissions to Companies House are submitted on time and accurately.

How Gorilla Accounting Can Help

When you appoint Gorilla as your limited company accountants, you will receive notifications of all statutory submissions, their due dates support from your own dedicated accountant regarding the steps to ensure you meet your filing obligations.

All your business and personal accounting needs will be expertly handled with a same day response guarantee to all your queries and FreeAgent accounting software is included at no extra cost. You’ll also receive unlimited support and advice including on how to maximise your tax efficiency.

If you have any queries about our limited company accounting service or the Companies House fee increases, speak to an accountant today on 0330 024 0406 or request a call back.

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