Inflation and Companies House

How do they justify CFS fee from £13 to £34

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Bit of an increase always thought £13 was a bit low but... ? Email address and ticking a box to say the company is lawful as if the criminals will think again!

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By Tax Dragon
15th May 2024 10:07

someone wrote:

Your question may have already been asked, check Any answers first.

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By David Ex
15th May 2024 10:13

https://www.accountingweb.co.uk/any-answers/are-huge-company-house-fee-i...

Didn’t read the thread but I assume the answer is because they can.

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paddle steamer
By DJKL
15th May 2024 10:21

When did it go to £13 (and was that not itself a decrease from £18) ?I suspect the increase is not that far from a one off catch up with inflation given the years since last changed.

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By Justin Bryant
15th May 2024 10:26

Yes; I noticed the (paper) DS01 fee has shot up from £10 to £44 from 1.5.24 I think.

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David Winch
By David Winch
15th May 2024 11:08

Companies House is taking on new responsibilities and that is part of the justification for the fee increases
David

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Replying to davidwinch:
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By HamishMackrell
15th May 2024 14:04

It appears to me that most of the "new " responsibilities are things that the R Of C should have been taking care of in any case.

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Replying to davidwinch:
RLI
By lionofludesch
16th May 2024 18:32

davidwinch wrote:

Companies House is taking on new responsibilities and that is part of the justification for the fee increases
David

Quite right too.

Companies House shouldn't just be a huge filing cabinet.

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DougScott
By Dougscott
15th May 2024 14:09

According to Radio 4 today the Chinese are still creating about 400 new companies daily at Companies House using false addresses despite the increase in fees. Apparently this is something to do with trading in cryptocurrencies and associated fraud.

What I suggest to Companies House is that they do rigorous AML checks on all applicants.....

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Replying to Dougscott:
By Ruddles
15th May 2024 14:20

Dougscott wrote:

What I suggest to Companies House is that they do rigorous AML checks on all applicants.....


Which could be financed by a commercial fee for registering a company, rather than an unjustified fee charged for (not) looking at a couple of ticks on an annual form.
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Replying to Ruddles:
DougScott
By Dougscott
15th May 2024 16:49

Well I guess they are trying to put people off having companies unless they really want one, except it isn't working! Maybe it would be better to call it an Annual Registration Fee for having a company and charge £100 for that and £500 for forming a company - maybe that will be next year....

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Flag of the Soviet Union
By thevaliant
15th May 2024 14:33

I understand from our senior audit manager who retires in a few months that the fee for an Annual Return in 1985 was £32.

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Replying to thevaliant:
DougScott
By Dougscott
15th May 2024 14:44

Indeed it was, but it was all done on expensive parchment back then....

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Replying to Dougscott:
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By bettybobbymeggie
15th May 2024 20:21

...and CH may have actually done some work in them days rather than accept any submission with any vetting.

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RLI
By lionofludesch
15th May 2024 20:20

It went up from £3 to £20, then £32, down to £18, then £15 then £13.

None of these are inflation related.

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Replying to lionofludesch:
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By FactChecker
16th May 2024 17:33

Sounds like my budget, on a decade-cycle starting in late '60s, for entertaining a lass for the evening - on which basis you've omitted the final (current) figure of £0!

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Replying to FactChecker:
RLI
By lionofludesch
16th May 2024 18:23

[chuckle]

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Melchett
By thestudyman
16th May 2024 14:19

I think it should still go up to perhaps £100 or £200 in line with other countries who no doubt have less fraudulent companies setup!

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