22 April 2020
During these current and difficult times, the Department for Business, Energy & Industrial Strategy has announced that companies are able to apply for a special three month extension for filing their accounts with Companies House.
All limited companies must submit their accounts and reports each year and - under normal circumstances - companies that file accounts late are issued with an automatic penalty.
However, these are not normal circumstances and whilst companies still have to actually apply for the new extension, those citing issues around Covid-19 will be automatically and immediately granted an extension.
(Please note that companies that have already extended their filing deadline, or shortened their accounting reference period may be ineligible for an extension. This policy will be kept under review and amended as necessary in light of the progress of the Covid-19 pandemic).