Companies House Registration Fees Are Set to Increase

Companies House Registration Fees are expected to increase in May 2024, marking the first adjustment since 2016. Starting on May 1, 2024, there will be changes in the fees for registering a company or limited liability partnership (LLP) in the UK.

The current fee of £12 for initiating a business or LLP will see the following adjustments;

  • Online incorporation fee will be set at £50.
  • Same-day registrations may cost up to £78.

For overseas businesses incorporating a company in the UK, the fee will increase from £20 to £71. Finally, the registration fee for annual accounts is set to rise from £20 to £62.

Companies House states that this increase in fees is not driven by profit motives but is intended to cover the costs of their services and ensure the sustainability of their operations. The aim is to deter fraudsters from setting up companies. However, questions remain about whether the increased fee of £50 will discourage fraudulent activities. In addition to adjusting fees, there are policies looming regarding verifying online identity when setting up a company. This added security step is set to strengthen the registration process and improve its reliability.

The upcoming modifications in registration fees and related actions strive to uphold integrity, prevent fraud, and enhance the accuracy of information on Companies House records. For more information, on these changes please check out the link below.

https://www.accountancydaily.co/companies-house-increases-registration-fees

Or feel free to contact us via telephone at 01686 610662 or through email at info@whittakerandco.com.

News Categories

Most Recent Articles

Let Property Campaign: Explaining Unprompted Disclosures

Let Property Campaign: Explaining Unprompted Disclosures

Received a letter from HMRC about unpaid rental income? Acting now could save you money. Learn why an unprompted disclosure is the best option for landlords. Recently a number of our clients have received letters from HMRC about unpaid tax on their rental income. Many...

Planning for the Upcoming Pension Tax Changes

Planning for the Upcoming Pension Tax Changes

Major pension tax changes are coming in April 2027, affecting how pension pots are inherited and taxed. Learn how to plan ahead with smart tax strategies, from pension withdrawals to tax-efficient investments, so you can protect more of your money for the future. As...

What Vehicle Expenses can you actually Claim?

What Vehicle Expenses can you actually Claim?

Confused about vehicle expenses? Learn about the two methods for claiming vehicle costs and understand which expenses you can and cannot claim on.    During the busy period, we noticed some confusion among clients about what can and cannot be claimed when...

Do You Need to Fill Out a Tax Return When Working Overseas?

Do You Need to Fill Out a Tax Return When Working Overseas?

Avoid unexpected tax bills when working overseas. While you may not need to file a UK tax return, failing to inform HMRC of your status could lead to serious financial consequences. Discover the risks and penalties, and why a proactive approach could potentially save...

Essential Tax Savings for Close Protection (CP) Operatives

Essential Tax Savings for Close Protection (CP) Operatives

Discover essential tax savings for close protection operatives, including what expenses you can claim to maximise your earnings.  Close protection operatives often contact us with questions about allowable expense claims, as tailored guidance for their unique...

Archives