Company owners are bombarded with various requirements that they have to submit in order to run a business. One of those is the confirmation statement. You might have heard of this requirement, but aren’t quite sure what it means or what it entails.
That’s why we’ve created this confirmation statement guidance piece. In this article, you’ll find everything you need to know about this submission. We cover ‘What is a confirmation statement?’, how to submit one correctly, and much more. Read on to find out.
What Is a Confirmation Statement?
A confirmation statement is the new term for the more commonly known annual return. This is a document that limited companies and LLPs must file each year to Companies House.
For limited companies, the confirmation statement outlines director and shareholder details, while for LLPs, it enumerates members. Additionally, the confirmation statement for both entity types includes the registered office address.
What Is the Purpose of a Confirmation Statement?
It is a yearly requirement by Companies House to ensure your company information is up-to-date and relevant.
Confirmation Statement Details
In order to submit your confirmation statement, you’ll need to check your company’s most up-to-date details. Changes you will have to make prior to sending your confirmation statement are:
- The details of your registered office, directors and secretary
- The address where you keep your record
- Register of ‘people with significant control’ (PSC)
Changes you can make when you file your confirmation statement:
- Statement of capital and shareholder information if your company has shares
- SIC code (the number that identifies what your company does)
- Exemption from keeping a PSC register
- Trading status of shares
When Is My Confirmation Statement Due?
A confirmation statement must be filed at least once every 12 months. The 12-month review period starts:
- The date your company incorporated or;
- The date you filed your last annual return or confirmation statement
You will be able to file your confirmation statement up to 14 days after the due date (above). The easy way to find the due date is to check it on the Company House website, by typing your company name.
How Do I Submit My Confirmation Statement?
There are two methods that you can use to submit your confirmation statement, either online, or by post. This will cost you £13 and £40 respectively. This service is included in all-inclusive packages we offer to our clients.
You can find more information about confirmation statements by following the link to our recent confirmation statement guidance video covering this topic.
We hope that you enjoyed this guide, and that you hopefully now know what a confirmation statement is, how to submit one and when one is required.
If you are unsure about filing your confirmation statement, feel free to contact us. Our professional accounting and tax advisers will be happy to assist, to ensure that you’re able to submit your confirmation statement with confidence.
Confirmation Statement Guidance FAQs
Is There a Penalty for Not Submitting a Confirmation Statement?
There isn’t an immediate penalty for not submitting a confirmation statement, however it is a criminal offence. This means that if a company doesn’t submit theirs for a long time, Companies House has the power to strike the company from the register.
Do I Need to Submit a Confirmation Statement if Nothing Has Changed?
Yes, a confirmation statement must be filed every year, even if there haven’t been any changes to your company.