Apr 182007
Every company director has a personal responsibility to make sure that the company files its statutory returns to Companies House on time. Directors can be prosecuted if they fail to do this – and it’s a criminal offence, so if you are convicted, you will end up with a criminal record and possibly a hefty fine, too. According to Companies House, around 1,000 directors are prosecuted every year. Persistent offenders can also be disqualified from acting as directors.
Even if you have an accountant filing your returns on your behalf, it’s still your responsibility. If necessary, chase up your accountant. If things are late, its not the accountants who get prosecuted, its the directors!
