Companies House have announced significant increases to their incorporation and registration fees.
From 1st May, companies using the services offered by Companies House will encounter significant increases in their fees. Although the costs are not huge in themselves, companies should be aware of these changes and the reasons for them.
The following are examples of the many fees that are payable to Companies House:
- The fee for incorporating a company has increased from £12 to £50 and a Confirmation statement now costs £34, up from £13.
- For those wishing to register as a Community Interest Company, the fees are:
- Incorporation online - £65 (currently £27)
- Incorporation by paper - £86 (currently £35)
- Limited company to a CIC (conversion) - £45 (currently £25)
Why such large increases?
In light of the Economic Crime and Corporate Transparency (ECCT) Bill , the role and purpose of Companies House is changing. The Bill provides Companies House with greater powers on the accuracy of information on their registers and allow them to play a significant role in tackling economic crime. Consideration has been given to how to fund their new powers given that their fees are set on a cost basis which means they must cover the cost of the services they deliver.
The full list of updated fees can be found here: Changes to Companies House fees - Changes to UK company law.
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