Late filing of dormant accounts triggers penalties together with administrative consequences for businesses. The delays in filing can produce fines from Companies House beginning at £150 which rise in amounts as time continues. Complaints which persistently continue without resolution may cause the company to get removed from the registration records. HMRC may declare an inactive company active which leads to demands for corporation tax reporting and investigations. The use of a specialist dormant account filing service will help businesses maintain compliance and file accurate submissions while keeping their company legally active without requiring significant administrative work.
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