Companies House, the official government agency responsible for maintaining the register of UK companies, has recently announced plans to increase its fees starting from 1 May 2024. These changes have been implemented to align the fees with the actual costs of providing the agency’s services. It is important for businesses to understand how these changes will impact them and plan accordingly.

Effective from 1 May 2024, the revised fees will affect various services offered by Companies House, including incorporation, change of name, confirmation statements, re-registration of a company, and other related services. The agency has emphasized that the new prices are based on a cost recovery basis, ensuring that the fees cover the expenses associated with the services provided. Companies House does not aim to generate any profit from these fees.

Outlined below are some of the fee increases that will come into effect from 1st May 2024:

• The incorporation fee will rise from £10 to £50
• The confirmation fee will increase from £13 to £34

If your company has an early May filing deadline, it is worth considering filing this year’s confirmation statement on or before 30th April 2024 to avoid the price hike until 2025. This proactive approach can help you save on costs and ensure compliance with Companies House requirements.

If you are planning to incorporate a company, Limited Liability Partnership (LLP), or make changes to your share capital, it is advisable to consult with us at Pertax Accountancy before 30th April. Our team of experts will carefully review these fee changes and provide you with the necessary guidance to navigate the process seamlessly.

At Pertax Accountancy, we understand the importance of staying updated with regulatory changes that affect businesses. As such, we will be closely monitoring these fee adjustments in the coming months to ensure our clients are well-informed and can make informed decisions regarding their company formation and compliance obligations.

It is essential for businesses to stay informed about changes and updates from Companies House to avoid any surprises or potential compliance issues. By being proactive and seeking professional advice, you can effectively manage these changes and ensure a smooth transition for your company.

For more information or assistance with your company formation and compliance needs, please contact Pertax Accountancy. We are here to help you navigate the ever-evolving regulatory landscape and support your business’s success.