Every business needs to manage its reputation through management and ownership. Company Houses in the UK demand a confirmation statement every year from limited companies and LLPs. A confirmation statement is simply a statement that includes any company's management details. This law is compulsory in London as Company Houses need to know what you are up to. A confirmation statement comes in Accounting Services London where a business owner handles this task to the loyal accountant. This statement is somehow like an annual return that you pay to the government every year.
Confirmation Statement Filing
Confirmation Statement Filing London includes the same process as you have to provide the details of your business's management criteria. A confirmation statement is necessary for every business as Company Houses look if there are any changes in your company throughout the year. You still have to file a confirmation statement even if you didn't get any changes to your business.
What is Included in a Confirmation Statement?
Every business needs to tell the details about the company. For instance, you have to provide the latest information about your company and let the Company Houses know about everything. Company Houses get to know about the overview of your business. So, a confirmation statement should have certain things like Standard Industrial Classification Code. Business address, list of directors, a person with significant control, and list of directors. All of the information will tell about the management of your company and Company Houses will know where you stand right now.
For filing a confirmation statement, you have to send the files online or through a hard copy. There are different costs in both processes. If you want to submit file statements to Company Houses online, then you need to have their account details of them. Moreover, you should have the authentication code for better security. If you don't have the mentioned information, then you can simply register online on the website of Company Houses.
When to Submit Confirmation Statement?
Company Houses demand confirmation statement filing every year. This way, they will see if any changes occurred throughout the year or not. Hence, you need to send the file statement after every year but there are no fixed dates. If your submission is late, then they may send you an email to submit it on time. Moreover, accountants are responsible for filing the confirmation statements. They need to manage the record and data of the business throughout the year and compile them at the time of submission. Other than that, if your submission is overdue, then you may face consequences like paying the fine. A filing confirmation statement is important as you need to tell Company Houses about where your business stands right now. Hence, many companies avoid doing this so they pay a fine for it. Your company can even get in trouble if you don't follow the rules. So, make sure to pay every year or you may face strict penalties from the Company Houses.
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