The government has announced that from 25th March 2020 businesses will be able to apply for a three-month extension for filing their accounts.
This move is a joint initiative between the Government and Companies House to help businesses prioritise managing the impact of coronavirus. As part of the measures agreed, while companies will still have to apply for the extension, those citing issues around COVID-19 will be automatically and immediately granted the extension. Applications can be made through a fast-tracked online system which will take just 15 minutes to complete.
Business Secretary Alok Sharma said: “We have outlined a business support package on an unprecedented scale, backing companies and their employees through these challenging times. But it is important that our support is not limited to financial assistance. We are determined to help businesses in any way we can, so that they can focus all their efforts on dealing with the impact of coronavirus, and this new offer of a three month extension for filing accounts is a part of that.”
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Companies to receive 3-month extension period to file accounts during COVID-19