There has been further information on the relaxation on filing deadlines for company accounts which we gave details of previously in our article ‘Companies House to allow coronavirus-related filing extensions’. Businesses will be able to apply for an additional three months to file accounts. The move is designed to help companies avoid penalties as they deal with the impact of COVID-19. As part of the agreed measures, those citing issues around COVID-19 will be automatically and immediately granted an extension. Applications can be made through a fast-tracked online system which should take just 15 minutes to complete. For more information visit Companies House information pages.
Companies though need to consider carefully applying for the delay as they may still need recent accounts to be able to support applications for government support in this difficult time.