An accountant has been severely reprimanded and fined £4,500 for failing to submit an annual return and doing business without professional indemnity insurance (PII).
I set up a limited company a few years ago to perform IT contracting.
I registered a limited company. As I forgot file an annual return I am being fined £375. I company won't be trading for a few more months, and I have been advised to complete a form AA02.
Three months ago BIS published a consultation document that included a proposal to abolish the Companies House Annual Return (AR), explains Jennifer Adams.
Some significant reforms have been put forward in a recent BIS consultation document on corporate transparency.
The only director and share holder of a limited company died tragically, the wife is the secretary of the company and annual return is overdue.