Corporate Compliance Relief Scheme Extended to 15 September

The government has given companies extra time to finish certain paperwork.

The deadline is now 15 September.

This is the second time the deadline has been extended.

Companies can submit late financial statements and annual returns with much smaller penalties.

They pay only 10% of the usual penalties under the scheme.

Inactive companies can apply for dormant status at half the usual fee.

Companies seeking closure can pay one-quarter of the applicable filing fee.

The extension came after requests from stakeholders and problems following a data-centre fire.

The scheme is intended to improve company records and help inactive businesses close or become dormant.