Companies House Fee Increase 2024
As of the 1st May 2024, businesses and professionals managing corporate filings in the UK will face increases in Companies House fees. This adjustment spans a variety of transactions including: Company Incorporations, Confirmation Statements and Registration changes.
Understanding the Companies House Fee Increase
The revision in Companies House fees affects a wide spectrum of activities. Here is a table of changes:
| Transaction | Channel | Current Fee | New Fee |
| Incorporation of a Company/LLP | Digital | £10 | £50 |
| Same-day Incorporation of a Company/LLP | Digital | £30 | £78 |
| Incorporation of a Company/LLP | Paper | £40 | £71 |
| Registration of an Overseas Entity | Digital | £100 | £234 |
| Change of Company Name | Digital | £8 | £20 |
| Same-day Change of Company Name | Digital | £30 | £83 |
| Change of Company Name | Paper | £10 | £30 |
| Filing a Confirmation Statement | Digital | £13 | £34 |
| Filing a Confirmation Statement | Paper | £40 | £62 |
| Same-day Reduction of Share Capital | Digital | £50 | £136 |
| Reduction of Share Capital | Paper | £10 | £33 |
| Reduction of Share Capital | Digital | £33 | |
| Registration of a Charge | Digital | £15 | £15 |
| Registration of a Charge | Paper | £23 | £24 |
| Voluntary Strike Off | Digital | £8 | £33 |
| Voluntary Strike Off | Paper | £10 | £44 |
| Administrative Restoration | Paper | £100 | £468 |
| Application to Make an Address Unavailable for Inspection | Paper | £32 | £30 |
| Limited Liability Partnerships (LLP) | |||
| Registration of LLP | Digital | £10 | £50 |
| Same-day Registration of LLP | Digital | £30 | £78 |
| Registration of LLP | Paper | £40 | £71 |
| LLP Confirmation Statement | Digital | £40 | £34 |
| LLP Confirmation Statement | Paper | £13 | £62 |
| LLP Change of Name | Digital | £8 | £20 |
| Same-day LLP Change of Name | Digital | £30 | £83 |
| LLP Change of Name | Paper | £10 | £30 |
| Registration of a Charge by an LLP | Digital | £15 | £15 |
| Registration of a Charge by an LLP | Paper | £23 | £24 |
| LLP Voluntary Strike Off | Digital | £8 | £33 |
| LLP Voluntary Strike Off | Paper | £10 | £44 |
| Administrative Restoration of an LLP | Paper | £100 | £468 |
| Overseas Companies | |||
| Registration of a UK Establishment of an Overseas Company | Paper | £20 | £71 |
| Change of Corporate Name of an Overseas Company | Paper | £10 | £30 |
| Registration of annual accounts | Paper | £20 | £62 |
| Limited Partnerships | |||
| Registration of a Limited Partnership | Paper | £20 | £71 |
| Scottish Partnerships | |||
| Registration of Scottish Qualifying Partnership | Paper | £20 | £71 |
| UK Economic Interest Groupings and UK Societies | |||
| Registration of an EEIG Establishment | Paper | £20 | £71 |
| Registration of Change of Name of a UKEIG | Paper | £10 | £30 |
| Registration of a Charge for a UKEIG | Paper | £23 | £24 |
| Registration of Public Company by Conversion of a UK Societies | Paper | £20 | £71 |
| Community Interest Companies | |||
| Incorporation | Digital | £12 | £65 |
| Incorporation | Paper | £20 | £86 |
| Conversion from Limited Company to Community Interest Company | Paper | £45 |
Rationale Behind the Increase
The changes are being made to bring them in line with the costs of providing services.
The additional fees that Companies House are incurring, is as a result of the new powers introduced through the Economic Crime and Corporate Transparency Act, and will enable the cost of investigative and enforcement activities that promote the integrity of the register, maintain a healthy business environment and combat economic crime, to be met through fees.
Impact on Businesses
These fee increases could affect your business operations and budgeting for compliance costs. Small businesses and start-ups might feel the pinch more acutely as they navigate these new costs during their critical phases of operation.
Strategies to Manage the Impact
- Plan Ahead: Budget for higher fees in your annual financial planning.
- Use Digital Services: Where possible, opt for digital services to avoid higher paper transaction fees.
- Stay Informed: Regular updates from Companies House and related legal advisories will keep you prepared for compliance without last-minute surprises.
Contact Us
We are not just accountants; we are Chartered Accountants with one of the most reputable and premium accounting bodies. We are registered and regulated by ACCA; so you can rest assured that you are in good hands. Knowing this, don’t hesitate to get in touch with us if you require assistance: Pi Accountancy | Contact Us