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Late filing penalties explained
How to avoid a late filing penalty
What will happen when a penalty has been imposed
Late filing penalty appeals
Quality of documents
Further information


Introduction


This guide applies to all limited liability partnerships (LLPs) registered in the United Kingdom (UK) i.e. England, Wales, Scotland and Northern Ireland. It explains how a late filing penalty will be imposed against the LLP if its accounts are not filed by the filing deadline. It will also tell you how to appeal if a late filing penalty has been imposed.

For the purposes of this guide the main legislation that applies to LLPs is:

The Companies (Late Filing Penalties) and Limited Liability Partnerships (Filing Periods and Late Filing Penalties) Regulations 2008 SI 2008 497; and
The Limited Liability Partnerships (Accounts and Audit) (Application of the Companies Act 2006) Regulations 2008 SI 2008/1911; and
The Limited Liability Partnerships (Application of the Companies Act 2006) Regulations 2009 SI 2009/1804
This guide includes a number of terms which have the following meanings:

Accounting reference date – this is the last day of the month in which the anniversary of incorporation falls, unless the LLP has changed the date.

Accounting reference period – every LLP must prepare annual accounts that report on the performance and activities of the LLP during the financial year. The period reported in the accounts is called the accounting reference period. For a new LLP this starts on the day of incorporation and ends on the accounting reference date. Subsequent accounting reference periods start on the day after the previous accounting reference period ended and end on the accounting reference date, unless the LLP changes the accounting reference date (ARD).

Filing deadline – this is the date by which your accounts must be delivered to Companies House to avoid a late filing penalty being imposed.

Financial year – the financial year is the period for which accounts and reports must be prepared. Financial years are determined by reference to the accounting reference period.

Further information on accounts and accounting reference dates is in our guide Life of a Limited Liability Partnership.