From March 25th, businesses will be able to apply for a three-month extension for filing their accounts.
This joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus.
Under normal circumstances, companies that file accounts late are issued with an automatic penalty.
As part of the agreed measures, while companies will still have to apply for the 3-month extension to be granted, those citing issues around COVID-19 will be automatically and immediately granted an extension. Applications can be made through a fast-tracked online system which will take just 15 minutes to complete.
- IMPORTANT - the application process is quick and easy. Companies should simply cite COVID-19 or Health matters as the grounds for their application.
- Full guidance on applying for an extension can be found here.
- Companies that have already extended their filing deadline, or shortened their accounting reference period may be ineligible for an extension.