What happens if the UK company annual inspection is not submitted within the time limit?

Under UK company law, failure to do so is subject to heavy penalties and prosecution without notice. If the company does not deal with the company's governance matters, the company will be placed on a blacklist and a summons will be issued to ensure the enforcement of the company's management.

If it is not processed, the company's bank accounts and property will also be taken over by the Companies Registry. If the dormant company's annual financial report is late in submission, the late submission time is fined 150 pounds within one month, 375 pounds in three months, 750 pounds in 6 months, and 1,500 pounds in more than 6 months. This is generally ****, if it is a listed company, it is more fined.

If the annual audit report is submitted late, the fine is very light, but the company will be deregistered after the specified time. Generally 3-6 months. **Procedure for Mandatory Company Deregistration:

The first is to send a warning document, and if it is not processed in a timely manner within 90 days, the company will be directly deregistered by the second without any chance to refute it.

There will be a range of consequences.

1.The bank account is not working properly.

2.The company is listed in the abnormal operation, neither annual review nor cancellation, and is included in the blacklist.

3.If the annual review is overdue, there will be a fine, and the penalty is different depending on the overdue time.

4.The personal reputation of the company's shareholders will also be affected, and many things will not be able to be done in dealing with the UK in the future.

The company has a bad reputation;

There will be a fine for a long overdue period until it is cancelled;

The company has a bank account and is unable to provide annual review updates.

The main ones are as follows:

1.A fine of £150 for overdue annual inspection is 1 day to 1 month;

2.A fine of £375 for overdue annual inspection for 1 month to 3 months;

3.A fine of £750 will be imposed for overdue inspections for 3 to 6 months.

4.The annual inspection is overdue for more than 6 months, and the fine is 1,500 pounds;

1. Information required for the annual review of British companies:

1. Proof of registration of the company in the UK;

2. Business registration certificate of British company;

3. Articles of Association of a UK company;

4. Scanned copies of ID cards of shareholders and directors;

5. If the company has other changes in shareholders, capital increase, name, etc., it is also necessary to provide scanned copies of relevant documents.

2. Tax declaration of British companies:

If you do not operate in the UK, you can file zero declarations.

1. From the day the company is successfully registered, there must be income and expenditure records and accounting statements every month, and at the same time, it must be reported to the UK IRS every three months.

2. After the company is successfully registered, if the company needs to actually operate or have any business activities in the UK, it must be registered with the British Internal Revenue Service.

3. In the UK, both companies and individuals need to pay VAT as long as they buy any goods, and the VAT rate is based on the value of the goods.

4. Annual profits of more than 60,000 pounds must be subject to income tax; Companies with an annual turnover of more than £60,000 must apply for a VAT number. (VAT NO), after obtaining this number, the company can enjoy the tax refund treatment of the UK Inland Revenue on a quarterly basis.

5. Products imported and exported to the UK need to pay customs duties, and the fees paid for different commodities are also different.

The UK company needs to be audited on time every year, otherwise it will face the consequences of fines or deregistration.

The fines are mainly as follows:

1.A fine of £150 for overdue annual inspection is 1 day to 1 month;

2.A fine of £375 for overdue annual inspection for 1 month to 3 months;

3.Late annual inspection 3 months to 6 months fine £750 4The annual inspection is overdue for more than 6 months, and the fine is 1,500 pounds;

1. The company registration fee in Bi Shen Sui Ying is required to be paid every year;

2. The registration information of the UK company needs to be confirmed and updated every year;

3. Each company needs to apply for the issuance of the annual inspection certificate to the ** department before the operation of the following year to ensure the legitimacy of the company's operation;

4. Declare annual accounting records and annual tax records, and offshore operations do not need to pay taxes;

The first anniversary of the establishment of the UK offshore company needs to be reviewed annually, and the first instance is conducted every year, if there is no annual review for 2-3 months after the deadline, the UK will be forced to cancel the company.

UK Offshore Company Annual Examination Information:

1. Certificate of Incorporation of the UK Company.

2. Legal person ID card or passport.

3. Sample signature of legal person.

Consequences of not doing an annual audit for a UK company.

If the UK company does not carry out the annual audit in accordance with the regulations, there will be a corresponding penalty in the first place. If the annual report of a dormant company in the UK is submitted late, no more than 1 month after the negotiation, you will need to pay £150. For a period of up to 3 months, £375 is required.

For up to 6 months, £750 will be required. However, if it is more than 6 months, you will need to pay 1,500 pounds.

In addition, if the annual audit report of the British company is not submitted, the British company will be forcibly deregistered by the United Kingdom after the specified time is exceeded.

The same is true for registered companies in the UK, if the annual examination is overdue, there will not only be a high fine but also the risk of being cancelled, so be sure to submit the relevant documents to the relevant departments of the UK for annual review, in fact, the annual review is not troublesome, only the application certificate of the British company, the articles of association and the ID cards of shareholders and directors can be. Failure to conduct an annual review in a timely manner will result in the following fines:

1. Within 1 month of overdue, a fine of 150 pounds (about 1320 yuan) will be imposed;

2. Within 3 months of overdue, a fine of 375 pounds (about 3,300 yuan) will be imposed;

3. Within 6 months of overdue, a fine of 750 pounds (about 6,602 yuan) will be imposed;

4. If it is overdue for more than 6 months, a fine of 1,500 pounds (about 13,203 yuan) will be imposed.

If the annual inspection cannot be carried out for some reason, a certain annual inspection fine needs to be paid. Penalty breakdown.

The main ones are as follows:1A fine of £150 for overdue annual inspection is 1 day to 1 month;

2.A fine of £375 for overdue annual inspection for 1 month to 3 months;

3.Late annual inspection 3 months to 6 months fine £750 4The annual inspection is overdue for more than 6 months, and the fine is 1,500 pounds;

1. Late submission of the dormant company's financial annual report will result in a fine of 150 pounds within one month, 375 pounds within three months, 750 pounds within 6 months, and 1,500 pounds for more than 6 months. (This is a general **** provision, if it is a listed company, there will be more fines).

2. If the annual review report is submitted late, the fine will be relatively light, but if the specified time is exceeded, the company will be cancelled. Generally 3-6 months.

3. Procedures for compulsory company cancellation: the first warning document (first gazette) will be issued, and if it is not dealt with in a timely manner within 90 days, the public lead Zen Division will be directly cancelled by the second second gazette, and Duan Companion will not have any chance to refute.

After the registration of the British company, in order to ensure the legitimacy of the British company, it is necessary to do the annual inspection in a timely manner, if the customer does not carry out the annual inspection in time for some reason, then it is necessary to report to the British company law to pay a certain annual inspection fine, the following for reference:

1. The annual inspection is overdue for 1 day to 1 month, and a fine of 150 pounds will be imposed.

2. The annual inspection is overdue for 1 month to 3 months, and the fine is 375 pounds.

3. The annual inspection is overdue for 3 months to 6 months, and a fine of 750 pounds will be imposed.

4. The annual inspection is overdue for more than 6 months and is fined 1,500 pounds.

If the UK company does not handle the relevant annual examination in time when it expires, it will be automatically cancelled after 6-9 years. But this is a forced write-off. Forced deregistration will have a negative impact on the credibility of the directors.

After the application of the UK company, if the customer is unable to carry out the annual examination for some reason, the consequences:

1) Penalty fee (general ****).

1).The fine for overdue annual examination is 150 pounds 1 day to 1 month2).The annual examination is overdue for 1 month to 3 months, and the fine is £375 3).

A fine of £750 for overdue 3 months to 6 months 4).The fine for overdue annual examination for more than 6 months is £1,500 (2) The fine for late submission of annual examination report is very light, but the company will be deregistered after the specified time. Generally 3-6 months.

3) If a UK company does not conduct an annual examination within 6 months after the expiration of the annual examination, the company will be forcibly deregistered by the UK Companies Registry. First of all, the UK Companies Registry will issue a warning document, and if it is not processed within 90 days, the company will be directly deregistered by the second document without any chance of rebuttal.

Companies that have been compulsorily deregistered can be reinstated, but at very high costs (involving ** fines). And the longer it is deregistered, the higher the recovery cost.

Therefore, if a UK company wants to operate normally, it must undergo an annual audit on time.