The leaflet (COMP1 V 5.1) sent by Companies House (CH) with the paper reminder for submission of annual accounts and returns stresses that submitting online is “faster and more reliable than paper”, explains Jennifer Adams.
There are apparently “inbuilt checks for less chance of rejection” and the latest guidance on the CH website confirms that submission online is “safe and secure” - but is this correct and what can be done to ensure that all accounts are submitted securely so that your client does not find himself with penalties for late submission? Under the article ‘Tax bodies dismayed over RTI penalties’ AccountingWEB member jvenegas16 made a comment that equally applies to CH and, I suggest, should be framed and sent to each client as a Christmas present:
"Penalties is their only way for them to generate revenue at a time when the economy is slowing down"
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- Is Companies House online filing secure?
- What if you do have problems?
About Jennifer Adams
Jennifer Adams is Consulting Editor of AccountingWEB and is a professional business author specialising in corporate governance and taxation. She runs her own accounting and consultancy business with offices based in Surrey and Dorset.