If you are a limited company owner in the UK, you need to send the Companies House confirmation statement on an annual basis.
It is a mandatory statement that is needed to verify the information they already have about your company. You need to send this statement on time otherwise you’d be prosecuted.
Therefore, you need to ensure that you’re sending the right information on time.
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What is the Companies House Confirmation Statement?
Since June 2016, the Companies House confirmation statement (Companies House form CS01) has been aimed to smoothen the process of reporting information about your company.
In other words, the confirmation statement ensures that the information about the ownership, management, capital position and activities of your company at Companies House is up-to-date and accurate.
Whether you are the owner of a limited company or limited liability partnership, you are obliged to send a confirmation statement once a year, no matter whether you own a dormant company or LLPs. Before 2016, you needed to provide a snapshot of your company to Companies House once a year.
Note: Remember, if everything is the same, you still need to review your company’s details and verify that everything is accurate and up to date.
What Does a Confirmation Statement Contain?
A confirmation statement (Companies House form CS01) contains the following:
The Process to File a Confirmation Statement
According to the Companies House, one of the easiest ways to file the confirmation statement is to file it online. In case, you want to change the information, it can be done on the additional information section of the online form.
You can update the following:
- statement of capital
- shareholder information
- trading status of shares
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Standard Industrial Classification (SIC) code
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Exemption from keeping a register of people with significant control
If you want to verify the information that Companies House has about your company is correct, you can do it by visiting its website.
Companies House Confirmation Statement: Fee
The online option to file a confirmation statement is cheaper, faster and more efficient. Here, you’d only be charged £13. You pay this fee annually, without worrying about the number of times you submitted your confirmation statement.
On the other hand, filing the confirmation statement on paper documents through post will cost you £40, so it is preferable to file the confirmation statement online.
When Confirmation Statement is Needed?
Companies House requires you to send the confirmation statement at least once in 12 12-month period (or review period). A review period is from the date of incorporation to the end of 12 months.
Let’s say your company is incorporated on 1st January 2023, the review period would end on 31st December 2023. The review period for existing companies is the date after they filed their last confirmation statement and it ends 12 months later.
What if your Confirmation Statement is Late?
If you forget to send the confirmation statement, you may get in great trouble. You need to ensure that you file your confirmation statement within 2 weeks of the ending date of your review period.
It’s crucial to remember as this could cause your company and its officers (directors and secretaries) to be prosecuted, and even your company might be struck off from the register.
Confirmation Statement Services From Accotax
While reporting the Companies House confirmation statement, you need to make sure that you’re providing accurate and up-to-date information to the Companies House to avoid troubles.
Filing a confirmation statement can daunting if you lack the experience to report data to Companies House. Additionally, you also have to meet certain standards and conditions issued by the Companies House.
Therefore, you need to turn to Accotax to keep on top of your reporting obligations and file confirmation statements accurately and securely to avoid penalties.
We provide confirmation statement filing services to all UK-registered companies and limited liability partnerships. Our experts will complete your confirmation statement and file it electronically to Companies House in no time. Reach out or Get an instant quote today!
Are you looking for professional tech-savvy tax advisors and accountants in the UK to guide you? Contact us now!
Disclaimer: This blog provides general information on confirmation statement services.
