Tag Archives: Deadline

Late Filing Penalties

Late Filing Penalties – Companies House

Late filing penalties

Many companies are still failing to meet the nine month filing deadline for their accounts and are not aware of the deadline for filing of their company’s Annual Return, it is not surprising when a company has four deadlines to meet, the accounts filing, the Annual Return filing, the Corporation Tax payment and the Corporation Tax return filing that deadlines are sometimes missed.  Monetary penalties are imposed by Companies House for the late filing of accounts and potential striking off action can be implemented for late filing of Annual Returns.  HM Revenue & Customs also impose their own fines and interest with regard corporation tax returns and corporation tax payments.

Companies House eReminders

Companies House offer a free, convenient eReminder service which provides those companies who register you with a timely electronic reminder of when accounts and Annual Returns are due for filing.

Recent analysis of the Companies House reminder service  has revealed that email reminders are more successful in achieving on time filings, and avoiding those late filing penalties, than paper reminders.

The email reminder service is free and can be benefit as follows:

  • Up to 4 people, including your accountant, can receive the reminder.
  • Within the reminder is a link for you to file say the Annual Return.
  • It’s more convenient and better for the environment.

Here at Kelsall Steele, we of course keep a detailed tracker of all of our clients’ deadlines and regularly send our own reminders, however receiving the email reminders straight from Companies House would certainly give a belt and braces approach in order to avoid late filing penalties for your private company accounts.

Accounts Late Filing Penalties

Not more than one month £  150
More than one month but not more than three £  375
More than three months but not more than six £  750
More than six months £1,500

Be Aware:

  • The penalties will be doubled if the accounts are filed late two years in succession.
  • If you form a new company, you must deliver your accounts to Companies House within 21 months of the date of incorporation so you do not get until a month end, it could be an odd day of the month.

If you have any queries or concerns over the eReminder email service, the accounting or Annual Return deadlines, please give us a call.

Tax Return 2014

Self Assessment 2014 – don’t miss the deadline!

Self Assessment 2014

Welcome to January – a time for new beginnings, resolutions, dieting and for thousands of people, it is also time for that last minute panic to complete and file their tax return by the deadline of 31 January. And as accountants, don’t we know it!

If you still haven’t gathered together your income and expenditure records for the year ended 5 April 2014 then this does need to be done sooner rather than later. Remember, if H M Revenue & Customs have issued you with a Tax Return, you do need to submit one, regardless of whether you have anything to report on it.

A penalty of £100 per late Return will be charged whether you have any tax to pay or not, and for partnerships, this can prove quite expensive as it is £100 per partner for a late partnership Tax Return plus £100 for each personal Tax Return.

The information that needs to go on your Tax Return would be the following (where applicable):


  • Self employment income, expenses and details of purchases of any capital items relating to the accounts year ending in the 2013-14 tax year;
  • Employment income, tax deducted and any benefits in kind;
  • Pension income and tax deducted;
  • Rental income and associated expenses;
  • Savings income and dividend income and tax deducted;
  • Capital gains from the sale of assets;
  • Total amount of Child Benefit received by you and your partner (including details of the number of children you received the Benefit for)


  • Personal pension and annuity contributions;
  • Interest paid on loans used for a qualifying purpose;
  • Charitable donations made under the Gift Aid scheme.

If you are not sure if you have been issued with a Tax Return or if you need any help at all in completing the Return, please do not hesitate to contact us.

Piggybank with Stethescope

NHS Pension Certificates Filing Deadline is Fast Approaching

Annual Certificate & Self Assessment Forms

The GP (and non GP) Providers Annual Certificate of Pensionable Profits and Type 2 Medical Practitioner – self assessment forms for 2012/13 are required to be completed and filed by 28 February 2014.

Although there is no penalty for late submission nor interest due on late contributions, the completion of the certificates is mandatory and non completion could have an effect on future pension and benefits, as well as current and future seniority entitlements.

Submission of your Certificate

Once the GP (and non GP) Providers Annual Certificate of Pensionable Profits certificate has been completed and the declaration signed it should be submitted to the following address:

The Pensions Team,
Shared Business Services
East Midlands FHS,
Floor 3, East Wing,
Cardinal Square,
10 Nottingham Road
Derby DE1 3QT

Shortfall and payment

Where there is a shortfall of contributions it is recommended that a cheque (made payable to the “NHS Commissioning Board”) is attached to a certificate which shows a shortfall of contributions. For a Practice where all the GP certificates are submitted at the same time, and a single cheque is sent, it is recommended that you also enclose a summary of whom the cheque relates and also a summary of the employee’s, added years and employer’s contributions. Do not set off any refunds due for one GP against contributions due for another. Any refunds will be adjusted via the contract statement once the certificate has been processed.

If you do not send payment any superannuation adjustments will be made via the Practice’s monthly contract statement. However, there is no guarantee that this will be done before 31 March 2014. If the certificates are not processed until the new financial year, the additional contributions paid will not be eligible for tax relief until the year 2014/15.

Type 2 Medical Practitioner Self Assessment Form

The Type 2 Medical Practitioner – 2012/13 self assessment form should be submitted to the relevant GPs local Area Team together with payment for any underpaid contributions. For Cornwall the address is as follows:

Devon Cornwall & Isles of Scilly Area Team
Peninsula House
Kingsmill Road
PL12 6LE

Download Forms

The relevant forms together with guidance and completion notes can be obtained from the NHS Business Services Authority website or via the direct links listed below:

2012/13 GP (and non GP) Providers Annual Certificate of Pensionable Profits

Type 2 Medical Practitioner Self Assessment Form of Tiered Contributions

Should you require any advice or assistance with the completion of these forms please contact either Lydia Williams (lydia.williams@kelsallsteele.co.uk) or Suzannne Fox (suzanne.fox@kelsallsteele.co.uk). You can also contact the office by phone on 01872 271655