As I managed my UK company, I started wondering about the consequences of not renewing it annually. Would it lead to penalties, a strike-off from the company register, or other legal complications that might affect my business operations?
Answer by: abdullah-al-naim
3 weeks ago
If you don’t renew your UK company annually and submit a Tax return, your director and company profiles will be flagged. And your penalty will increase till you submit your tax return. After a specific time span, your company will dissolve administratively, and all of your financial accounts will be frozen.
To know more about UK company compliance, please visit this blog: https://businessglobalizer.com/blog/limited-company-in-the-uk-guideline-to-essential-compliance/
To learn about the UK Companies House Non-Compliance Penalties, please visit the link:
https://businessglobalizer.com/blog/uk-companies-house-non-compliance-penalties-crucial-updates/
