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Companies House fees set to rise

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Companies House has outlined plans to increase its fees from 1 May 2024, with the agency noting that the changes are being made to “bring them in line with the costs of providing our service”.

20th Feb 2024
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Companies House fees are set to rise as part of the agency’s annual review.

Set to come into force from 1 May 2024, the new costs affect the likes of incorporation, a change of name, confirmation statements, re-registration of a company and other services.

The agency noted that the prices are “set on a cost recovery basis”.

“This means our fees must cover the cost of the services we deliver. We do not make a profit on our fees.”

Brought in line

A Companies House spokesperson added: “We’re amending our fees to bring them in line with the costs of providing our services but also to recover the costs of our new powers being introduced through the Economic Crime and Corporate Transparency Act.

“This will enable the cost of investigative and enforcement activities that promote the integrity of the register, maintain a healthy business environment and combat economic crime, to be met through fees.”

Alexandra John, product director at IRIS Software Group, noted the “significance” of the increases and the impact on accountants filing information.

However, she added: “The issue of inaccurate and dishonest information on Companies House records poses a serious threat to the UK economy, affecting the integrity of financial systems and hampering fair competition.

“The filing fee, which has not increased since 2016, may seem large, but it will ultimately enable Companies House to deliver a better service and allow accountants to access accurate information on the register.

“Accountants will be better able to check the credibility of suppliers and other companies their clients trade with. The further digitisation of this service will only improve its integrity.”

Justified and reasonable?

In a post on Any Answers asking if the fee increases are justifiable, Jason Croke, VAT director at Rayner Essex, said: “If the fees allow CH to actually police their own process, then yes, absolutely justified and reasonable.”

User Matrix replied: “Maybe. There are many changes including providing an email address from 4 March and ID in due course. We will recover the increased filing fee and will bill for any additional work.”

Replies (37)

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By AdamJones82
20th Feb 2024 16:39

£13 to £34 for a Confirmation Statement?!? Have IRIS taken them over?

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Replying to AdamJones82:
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By Paul Crowley
20th Feb 2024 17:06

That is the IRIS way

Thanks (8)
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By GHarr497688
20th Feb 2024 20:40

IRIS = biggest and worse Accountancy Software company I have ever come across so to get rid of the idiots I retired.

COMPANIES HOUSE = a government body that holds completely inaccurate information , accepts meaningless accounts and charges for the pleasure - another reason I retired.

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Replying to GHarr497688:
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By FactChecker
20th Feb 2024 22:41

I've quite a long list of other things that I'd like you to give up if you can guarantee you'll have the same devastating effect on them.
Of course you might first have to take some of them up in order then to be able to give them up ... but it's the thought that counts! :=)

Thanks (4)
Replying to FactChecker:
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By GHarr497688
21st Feb 2024 09:42

Are you drunk ?

Thanks (3)
Replying to GHarr497688:
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By FactChecker
21st Feb 2024 12:38

No ... just natural joie de vivre and weird sense of humour that occasionally gets unleashed.
[FWIW I am and always have been teetotal, but happy to know I could be mistaken for a drunk.]

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By Crouchy
21st Feb 2024 08:42

anyone would think the government was trying to kill off limited companies, increased corporation tax, increased dividend tax and now increased fees here, in a cost sensitive world, its going to put a lot of potential companies off

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Replying to Crouchy:
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By petestar1969
21st Feb 2024 10:03

Well for a while now, I've believed that HMG and HMRC want as many people as possible (if not all) on PAYE. This feels like another step or two down that road.

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By Ruddles
21st Feb 2024 09:41

£34 for clicking a couple of links to file something that is of use to neither man nor beast. At least the Annual Return used to contain useful information.

Thanks (17)
Replying to Ruddles:
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By petestar1969
21st Feb 2024 10:04

Hmm and the filing fee in the 90's was £50!!

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Replying to petestar1969:
RLI
By lionofludesch
22nd Feb 2024 06:43

petestar1969 wrote:

Hmm and the filing fee in the 90's was £50!!

Highest it's ever been before this is £32.

The biggest percentage increase was its leap from £3 to £20.

I've no idea why they dropped the cost to £15. Crazy idea.

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By ColA
21st Feb 2024 10:15

….and the increase…..?
Discussion without detail - useless!

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By Ian McTernan CTA
21st Feb 2024 10:25

I see CH taking a leaf out of the IRIS playbook here (except no one took over CH): buy small company, double prices++...

Up to now I've been including the cost of filing the CS within the overall fee, but with the increase I guess I'll either have to up the overall fee or bill separately.

Thanks (4)
Replying to Ian McTernan CTA:
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By petestar1969
21st Feb 2024 10:26

Or suggest the client files the form themselves......

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Replying to petestar1969:
boxfile
By spilly
22nd Feb 2024 16:33

Heaven forbid, most would never bother to change anything and misinformation would just be rolled forward ad infinitum.

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By Eric T
21st Feb 2024 10:44

If I recall, the last time CH tried to increase filing fees they were told by the EU that they couldn't as their job was to provide a service to citizens, not to make profits. That was almost 30 years ago so, to be fair, we've had the £13 filing fee for a very long time.

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Replying to Eric T:
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By GHarr497688
21st Feb 2024 11:21

The trouble is with multiple errors , incorrect Accounts and data that is sadly lacking what the point of it all !! HMRC/Companies House have admitted as much so it's all useless. The amount of incorrect data I see that I know is totally incorrect is shocking.

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By JustAnotherUser
21st Feb 2024 12:30

everyone missing the point here, you all sound like an angry neighbour complaining than the guy you hired to tile your kitchen is paying himself £100 an hour so he must be earning £200k a year just for some tiles.

real thing we should be looing at is what there upto now the Economic Crime and Corporate Transparency (ECCT) Bill has passed, they need money to fund this so prices up across the board.

I'm not sure but is there any transparency as to how and where companies house funds are spent etc?

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Replying to JustAnotherUser:
By Ruddles
21st Feb 2024 12:58

My point is that I don't mind paying £34 to file something that contains usable/useful information. So IMO there should be different fees depending on what is filed - £34 for a 'full' CS, containing details of updates to PSC, shareholdings etc and a lower fee (how does £13 sound?) for simply clicking a link to say that there are no changes. Because, in the case of the latter, I fail to see where the cost is.

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Replying to Ruddles:
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By JustAnotherUser
21st Feb 2024 13:06

I am agreeing and disagreeing... my main gripe is transparency, this is not a business and they cannot make profit...

A plumber can happily explain to a client that the cost doesn't just cover some pipework, but covers time spent on quotes, trips for materials, insurance over unforeseeable etc etc

where are all these funds going to at companies house? how do we the tax payer know the money is being spent sensibly and not just being wasted.

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Replying to Ruddles:
RLI
By lionofludesch
22nd Feb 2024 06:52

Ruddles wrote:

My point is that I don't mind paying £34 to file something that contains usable/useful information. So IMO there should be different fees depending on what is filed - £34 for a 'full' CS, containing details of updates to PSC, shareholdings etc and a lower fee (how does £13 sound?) for simply clicking a link to say that there are no changes. Because, in the case of the latter, I fail to see where the cost is.

Why would you give a discount to companies who file less information? It's not like there's an additional cost. There's no filing clerk sticking this extra information in a filing cabinet at CH.

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Replying to JustAnotherUser:
John Toon
By John Toon
21st Feb 2024 14:24

JustAnotherUser wrote:

I'm not sure but is there any transparency as to how and where companies house funds are spent etc?

Yep, very detailed in their accounts and reports that can be found online

Thanks (1)
Replying to johnt27:
Pile of Stones
By Beach Accountancy
21st Feb 2024 18:08

Presumably it's to shore up the bit of the building that was too dangerous to go into a year ago

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John Toon
By John Toon
21st Feb 2024 14:27

Well, if a company or it's owners can't swallow £34 per annum I'd suggest they've got bigger issues to deal with other than moaning about CS01 fees. And £50 to incorporate a company is still pocket change compared to most other countries!

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Replying to johnt27:
By Ruddles
21st Feb 2024 21:15

Missing the point completely.

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Replying to Ruddles:
John Toon
By John Toon
22nd Feb 2024 09:06

And your point is what? That you're happy with what is essentially an underfunded open bucket into which anyone can pour in any old swill. That you don't want a regulator that challenges the swill and rejects it... Some people have standards and expectations

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Replying to johnt27:
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By AdamJones82
22nd Feb 2024 10:39

As if the increase in fee will result in Companies House actually checking anything that is submitted!

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Replying to AdamJones82:
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By paul.benny
22nd Feb 2024 10:48

Presumably the point is that they will start checking more because they can afford the staff to do so. Since the thrust of the ECCTAct is around people rather than numbers, we'll probably continue to see low quality financial statements being filed unchallenged.

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Replying to AdamJones82:
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By lionofludesch
22nd Feb 2024 11:50

AdamJones82 wrote:

As if the increase in fee will result in Companies House actually checking anything that is submitted!

I think they will. These increases are in response to increased obligations.

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Replying to johnt27:
By Ruddles
22nd Feb 2024 13:04

My point is that if someone is being charged for filing something then that something should be of use to both the person filing it and any other person reading it. Affordability is not the issue and I have no problem with increasing fees if they do in fact have the effect of improving accuracy and usefulness of what is filed. In which context I consider Confirmation Statements to be part of that "any old swill". Not because they are inaccurate, but because they are in the main pointless.

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By lionofludesch
22nd Feb 2024 06:49

The filing fee increased in 2016?

I don't remember that.....

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Replying to lionofludesch:
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By FactChecker
22nd Feb 2024 14:12

Not sure to whom that is addressed (and therefore what they said) ...
... but presumably they were getting confused with the changes that year (as in replacement of the AR with CS and PSC register)?

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Replying to FactChecker:
RLI
By lionofludesch
22nd Feb 2024 14:25

FactChecker wrote:

Not sure to whom that is addressed (and therefore what they said) ...
... but presumably they were getting confused with the changes that year (as in replacement of the AR with CS and PSC register)?

I'm open to correction but, as I recall, the AR/CS fee has been

£3, £20, £32, £18, £15 and £13 (if filed online).

Not entirely sure if I just dreamt the £18.

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By Jabba the Hut
23rd Feb 2024 11:35

So, they just need to cover costs!

Filing fees alone for the 5.32 million live companies will bring in £180,880,000

That's some system they have there! Without these increases amongst others!

Incorporation £50 – from £10
Change of name £20 – from £8
Strike off £33 – from £8
Administrative restoration £468 – from £100!

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By Jabba the Hut
23rd Feb 2024 11:35

Oops, that damn lag!

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By Jabba the Hut
23rd Feb 2024 11:35

Oops, that damn lag!

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