Missed Your Confirmation Statement Deadline? Here’s How to Fix It

For any UK-registered company, filing confirmation on the due date is the key responsibility. If yours is pending, don’t worry; it’s something you can sort out with the right approach. This guide takes you through dealing with the late confirmation statement.

Explore the main sections outlined below or jump to the one that catches your attention.

• Confirmation Statement: What is It?
• When Do You Need to File for a Confirmation Statement?
• why-does-a-late-confirmation-statement-matter
• How Can You Deal With Late Confirmation Statement?

Let’s cover the basics of a confirmation statement.

Confirmation Statement: What is It?

A confirmation statement is an annual update that a company sends to Companies House to confirm your company’s details. It is essential to let Companies’ House know the accuracy of your business information, including your office address, directors, shareholders and business activities.

Even if nothing has changed, you still have to file it. Missing the deadline will cause complications, so keeping track of it is best.

When Do You Need to File for a Confirmation Statement?

The deadline to file a confirmation statement depends upon the company’s account reference date, which marks the end of the financial year. The statement should be submitted within 14 days.

Why does a late confirmation statement matter?

There are no hefty fines for late filing of confirmation statements, but that doesn’t mean there won’t be any consequences. Filing your confirmation statement within 14 days of the end of the review period is a legal requirement. So, failing to comply with the regulations can lead to

• Legal Actions
• £5000 fine for directors
• Disqualification of Directors
• Companies House could strike the company off the register. This will prevent from operating and freeze any associated asset.

So, it’s better to file on time because there can be serious consequences to late confirmation statements.

How Can You Deal With Late Confirmation Statement?

Companies House will generally issue an automatic warning if you miss the deadline. Failure to file a statement immediately can lead to serious actions against the directors and the company.

If you’ve missed the deadline to file, here’s how to handle it:

– Get it Done ASAP

Once you have submitted the confirmation statement, get it sorted out as soon as possible. The longer you leave it, the longer it will take to become sorted out.

– Double Check You Details

Before filing a confirmation statement, it is essential to confirm things like

• Standard Industrial Classification: A code that showcases your business activity.
• Detail of all the directors
• Confirm the details of the company secretary, if you have one and are up to date.
• Your company’s registered office address.
• Shareholder details and the share capital structure.

– Online Filing

The quick way to file a confirmation statement is via the company’s online portal. It’s a straightforward process to get instant confirmation once submitted.

– Ask for Help if You Need

If you are unaware of what you should do or if something about the process is unclear, you can speak to your accountant or company secretary. They will guide you through the process and make sure everything is aligned.

– Avoid Late Filings with These Simple Tips

No one wants to stress about the deadlines, so a few tips are shared to avoid late filing.

– Schedule a Reminder

It is the primary step in knowing the due date. You should set reminders based on the last filing or incorporation date and put a prompt ahead of time.

– Sign up for the Company House

What benefit will you get from signing up for the company house? You will get the regular updates that your confirmation statement is due. It’s free and can help you avoid late filing, and you will get full instructions on filing.

– Update Your Records

If you have all the correct details, submitting your confirmation statement will be easy.

– Make Sure You Assign the Task Accordingly

If there are directors or persons of significant control, it’s worth clarifying the responsibility and filing the confirmation statement.

– Stay High on Obligations

The best way to deal with a late confirmation statement is to file on time and avoid delay. But let’s say you have received your first warning from Companies House and missed the deadline, so don’t be stressed out.

It’s essential to act promptly and file things as soon as possible. By keeping info updated, you will avoid unnecessary headaches so your business can run smoothly.