§ Mrs. RocheTo ask the President of the Board of Trade if he will list the current tariff of penalties employed at Companies House for late filing of 527W accounts, indicating what size businesses the penalties relate to, and including the sliding scale for the length of delay in filing. [30729]
§ Mr. Oppenheim[holding answer 4 June 1996]: The registrar and chief executive of Companies House executive agency has delegated authority to deal with such matters on behalf of the Secretary of State for Trade and Industry. The registrar has been asked to write to the hon. Lady.
Letter from John S. Holden to Mrs. Barbara Roche, dated 6 June 1996:
The President of the Board of Trade has asked me to reply to your Parliamentary Question concerning the current tariff of penalties employed at Companies House for late filing of accounts.The scale of late filing penalties, the class of company against which these are levied and the time periods involved are set out in the following table.
Scale of Penalties Public companies £ Private companies £ Not more than 3 months late 500 100 More than 3 months but not more than 6 months late 1,000 250 More than 6 months but not more than 12 months late 2,000 500 More than 12 months late 5,000 1,000 The scale of penalties is laid down in Section 242A of the Companies Act and applies equally to all companies in each class, irrespective of their size.
I hope this is helpful.