§ Mr. RendelTo ask the Secretary of State for Trade and Industry how many days leeway are allowed before a fine is imposed for late submission of company accounts after the due date. [154583]
§ Dr. Howells[holding answer 20 March 2001]The Companies Act allows no leeway for companies filing their accounts late after the due date.
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 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