Companies House

Continuing its support for businesses across the UK, the government has confirmed that companies that apply will be given an additional three months to file accounts with Companies House as they work to deal with the impact of COVID-19.

The joint initiative between the government and Companies House was announced on the 25th March and will mean mobility companies will be able to avoid penalties for accounts submitted late.

It joins a range of measures introduced by the government in the past two weeks to help companies across the country affected by coronavirus, including a grant scheme for retailers, employee retention scheme and a new interest-free loan.

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With approximately 4.3 million businesses on the Companies House register, it will be up to companies to apply for the extension to be granted.

According to the government, businesses citing issues around COVID-19 will be automatically and immediately granted an extension.

Business Secretary Alok Sharma said: “We have outlined a business support package on an unprecedented scale, backing companies and their employees through these challenging times.

“But it is important that our support is not limited to financial assistance. We are determined to help businesses in any way we can, so that they can focus all their efforts on dealing with the impact of Coronavirus, and this new offer of a three-month extension for filing accounts is part of that.”

Applications can be made through a fast-tracked online system which will take just 15 minutes to complete, however, companies that have already extended their filing deadline, or shortened their accounting reference period may be ineligible.

Companies House Chief Executive, Louise Smyth said: “We recognise that these are uncertain times for businesses and that’s why we’re doing all we can to help.

“By easing the burden, we can help businesses through this period and enable them to thrive in the future. I would encourage companies who believe they would benefit from this new flexibility to make an application in good time.”

Full guidance on applying for an extension can be found here

Discover more support available for businesses in the wake of the coronavirus outbreak:

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