The confirmation statement replaced the annual return in 2016 and serves roughly the same purpose. Companies must file their confirmation statement to provide Companies House with up-to-date information for inclusion on the public register.
The confirmation statement must be filed within 14 days of the end of the review period, even if there haven’t been any changes during the review period.
Companies only have to file one confirmation statement a year. However, you can choose to file a confirmation statement early, or more frequently than once a year.
Late filing penalties do not apply to an overdue confirmation statement.
Instead, failure to file confirmation statements, annual returns or accounts is a criminal offence which can result in directors being fined personally in the criminal courts. Any criminal proceedings taken as a result of non-filing of confirmation statements is separate from and in addition to any late filing penalty imposed against the company for filing accounts late.
Companies House may also seek to strike the company off if documents are delivered late.
If you’re struggling to keep on top of your company’s obligations, your local TaxAssist Accountant would be happy to help. Contact us for more information.
By Jo Nockels
Disclaimer: The information provided is based on current guidance (at date of publication) from HMRC and may be subject to change. Any advice shared here is intended to inform rather than advise. Taxpayer's circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this information, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.