Annual Returns? Not any longer!

annual returns

Annual returns no longer exist. You are now required to submit a Confirmation Statement.

How is a Confirmation Statement different to an Annual Return?

The Confirmation Statement exists for the same reason as an Annual Return; for your company’s inclusion on the Public Register.

  • The main difference: no longer are you required to give your company’s information on a particular date. You are now annually required to read and confirm that the information currently being held about your company is correct.
  • Additional requirements: When you confirm your Confirmation Statement for the first time, you will also need to inform Companies House about the people on your PSC (people with significant control) register.

So what do I need to do to complete my Confirmation Statement?

The basics for completing a Confirmation Statement are quite simple. Just check and confirm that the information that is held about your company by Companies House is accurate and fully up to date. If you find that need to make changes to your Confirmation Statement, about your company’s SIC code or statement of capital for example, then you can update any information before you file the document. Your Confirmation Statement can be filed online.

  • Other changes: If you need to make additional changes or additions to your company’s information, then you will need to complete and submit another form at the same time as your Confirmation Statement.

Is the Confirmation Statement going to cost more than an Annual Return?

No it won’t cost more than an annual return. Costs are as follows:

  • Online £13
  • On paper £40

The fee will be payable annually. If you wish to file multiple Confirmation Statements during the 12-month period, it will not incur any additional payment. Once you have registered to file your Confirmation Statement online, a reminder will be received when you log-on that you need to make a payment, and if your Confirmation Statement is submitted on paper, then a letter will be sent to your company’s registered office.

When does my Confirmation Statement need to be filed?

  • If your company has a made up date between now and 30 June 2016, then you need to file an Annual Return.
  • If your company has a made up date after 30 June 2016 then you need to file a Confirmation Statement.

What else do I need to know?

  • There is no longer a 28-day grace period; it is now a 14-day grace period

We are always happy to answer any questions that you may have about changes to the law or regulations regarding your company’s accounts. If you are a client here with us at Smooth Accounting Chartered Accountants in Fareham, then just sit back and let us take care of everything for you!

Jeri Williams Chartered Accountant
Jeri Williams
Jeri has been working as an accountant since 2006 and is the director of Smooth Accounting. She has a passion for being proactive and looking after her clients. Smooth Accounting provides a modern accounting service to a range of individuals and businesses across Hampshire, Dorset and the Isle of Wight.
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Smooth Accounting is very proud to be supporting the amazing work of JUST ONE Tree, a non-profit reforestation initiative. For every tax return we file, we will be planting one tree.

Trees really are the superheroes of our planet, cleaning the air we breathe, filtering the water we drink, giving life to the world’s wildlife and providing jobs to over 1.6 billion people.

Yet deforestation is still a major threat to global warming. JUST ONE Tree plants a tree every 46 seconds in severely affected areas, with the aim to remove CO2 from the atmosphere and reverse biodiversity loss.

We have just one planet. Together let’s restore it.

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