PARLIAMENTARY WRITTEN QUESTION
(12 December 2024)

To ask the Secretary of State for Business and Trade, how much the late filing penalties from companies failing to file their annual accounts within the deadline were in each financial year between 2018-19 and 2023-24.

Asked by:
Phil Brickell (Labour)

Official statistics on the value of collected late filing penalties are published in the annual report of Companies House. We have excerpted and reproduced the relevant figures for companies failing to file their annual accounts within the deadline below:

2018-19	£95,972,000
2019-20	£95,728,000
2020-21	£96,695,000
2021-22	£173,673,825
2022-23	£164,663,042
2023-24	£158,479,669

Expenditure for the LFP scheme activity is not funded through fees. Penalties collected in respect of company accounts filed late with Companies House are paid to HMT, net of costs incurred in running the scheme.

Answered by:
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1 January 1970