Name: Swindells Chartered Accountants
Address: Wilson House, 48 Brooklyn Road, Seaford, East Sussex, BN25 2DX
Price range: ££

Companies House charges

Melanie Richardson

07/06/2024

Companies House has significantly increased fees for some services from 1 May. The changes affect filing of confirmation statements, new incorporations, change of name, and applications to strike off. This comes after other changes in March, where companies are now required to provide a contact email address on their confirmation statement.

What has changed?

From 1 May 2024, the costs for 59 services offered by Companies House will see substantial fee increases. Here is a summary of the updates to some of the most-used online services:

Incorporation fees have increased by over 300%
Annual confirmation statement fees have increased by over 50%
Various re registration fees under different provisions of the Companies Act 2006 have been standardised, with significant increases for paper transactions.
Fees related to share capital reduction, voluntary strike-off, administrative restoration, and applications for address confidentiality have undergone significant changes, including the introduction of same day services for select transactions.

For a full list of fee changes please see the link below:

https://changestoukcompanylaw.campaign.gov.uk/changes-to-companies-house-fees/

Why have costs increased?

According to GOV.UK, Companies House has said that the fee adjustments are necessary to cover the costs associated with providing services and implementing new powers outlined in the Economic Crime and Corporate Transparency regulations.

The fees reflect the significant shifts in the regulatory landscape. The updated pricing structure is designed to encourage digital filing while paper based filings become more expensive, reflecting a broader trend toward digitalisation and efficiency enhancement within the legal framework.

These adjustments also indicate that administrative processes at Companies House will become more intricate as the new regulations are implemented.

Key questions when it comes to inheritance tax

Inheritance tax (IHT) is a complex and often misunderstood aspect of tax law that can have significant implications for your estate. The new Labour government is likely to have plans to change the rules around inheritance tax and so we in this article, we look at the current rules.

Labour’s plans to impose VAT on independent schools

As a Labour government takes office, we look at Labour’s stated intention to apply VAT to independent school fees. This initiative is part of their pledge to “recruit 6,500 new teachers in key subjects to prepare children for life, work and the future, paid for by ending tax breaks for independent schools.” They estimate the policy will raise around £1.6 billion, which is “urgently needed to improve the state school system” used by about 93% of students in the country.

Cash flow management: strategies to keep your business healthy all year round

Managing cash flow is crucial for the success and sustainability of any business, whether you’re a small start up or an established company. Proper cash flow management ensures that your business can cover its expenses, invest in growth opportunities and weather financial uncertainties. Here are some strategies to keep your business’ cash flow healthy all […]