By Piers Larbey
Companies House to temporarily pause the strike off process and treat late filing penalty appeals more sympathetically
Companies House has introduced temporary changes to its strike off policy to prevent companies being dissolved as well as its approach to late filing penalty appeals to support businesses affected by the Coronavirus outbreak.
Companies House will continue to process voluntary applications to strike off a company and will publish a notice in the Gazette but will suspend any further action to strike off and dissolve the company to protect creditors and any other interested parties who may wish to object.
Companies house will also continue to send reminders to businesses that have failed to file their annual accounts or confirmation statement and will not publish a notice in the Gazette of its intention to strike off the company to enable businesses to file any outstanding documents and bring their records up to date. These changes only apply to voluntary strike off applications and will not apply to companies being dissolved by way of administration or liquidation.
LATE FILING PENALTIES
Companies House has confirmed that any late filing penalty appeals will be dealt with sympathetically and treated on a case-by-case basis where the late delay was caused by the Coronavirus outbreak. Companies House will also provide a break for companies to pay late filing penalties as well as additional support with payment plans. Companies affected by Coronavirus can apply for an automatic and immediate three-month extension to file their accounts if the filing deadline has not passed. An automatic late filing penalty will still be imposed if accounts have been filed late and the company has not applied for an extension before their filing deadline.
For any further guidance or information on this matter, please do not hesitate to contact Piers Larbey on 020 7870 3870.
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.