{"id":1015,"date":"2024-03-14T07:00:00","date_gmt":"2024-03-14T07:00:00","guid":{"rendered":"https:\/\/www.lowcostletterbox.com\/blog\/?p=1015"},"modified":"2024-06-22T12:49:19","modified_gmt":"2024-06-22T11:49:19","slug":"fee-increase-companies-house-raises-fees-in-2024","status":"publish","type":"post","link":"https:\/\/www.lowcostletterbox.com\/blog\/fee-increase-companies-house-raises-fees-in-2024\/","title":{"rendered":"Fee Increase: Companies House Raises Fees in 2024"},"content":{"rendered":"\n<p>Companies House is implementing significant changes with an unprecedented decision: an adjustment of their fees, marking the first such increase in a considerable period. This decision stems from Companies House&#8217;s comprehensive annual review, revealing a substantial upward revision across most fee categories.<\/p>\n\n\n\n<p>Effective May 1st, 2024, businesses should prepare for an uptick in filing expenses. The impending surge in costs, some of which surpass doubling, surpasses standard inflationary trends. Companies House justifies this adjustment through their adherence to a &#8216;cost recovery basis&#8217; principle.<\/p>\n\n\n\n<p>This principle ensures that fees align closely with the expenses incurred in delivering services, without undue surplus. The primary expenses driving this adjustment stem from the substantial data processing requirements.<\/p>\n\n\n\n<p>In terms of specific figures, nearly every fee outlined by Companies House is set to increase. Notable adjustments include:<\/p>\n\n\n\n<ul><li>The dissolution fee for companies (voluntary strike off) will rise significantly from \u00a38\/\u00a310 to \u00a333.<\/li><li>Incorporation costs, representing the birth of a company, will experience a substantial increase, shifting from a \u00a312 online fee to \u00a350.<\/li><li>Perhaps the most notable adjustment pertains to the online filing of confirmation statements, which will see a jump from \u00a313 to \u00a334.<\/li><\/ul>\n\n\n\n<p>These adjustments only scratch the surface of the impending changes. With the new fee structure set to take effect on May 1st, 2024, businesses can anticipate a widespread impact from these fee hikes. Prepare accordingly for the upcoming changes.<\/p>\n\n\n\n<p>For further information on all of the fee hikes, please visit the Government website:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-changes-to-uk-company-law wp-block-embed-changes-to-uk-company-law\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"0R7mAovjbX\"><a href=\"https:\/\/changestoukcompanylaw.campaign.gov.uk\/changes-to-companies-house-fees\/\">Changes to Companies House fees<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Changes to Companies House fees&#8221; &#8212; Changes to UK company law\" src=\"https:\/\/changestoukcompanylaw.campaign.gov.uk\/changes-to-companies-house-fees\/embed\/#?secret=eCYlsKExHO#?secret=0R7mAovjbX\" data-secret=\"0R7mAovjbX\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><em>If you are in the process of starting up your own business as a limited company, you may want to consider registering before 30<sup>th<\/sup>&nbsp;April, and LowCost LetterBox can help with same day registration. But don\u2019t leave it till the last minute as we expect a surge in <\/em><a href=\"https:\/\/www.lowcostletterbox.com\/company-formation.html\"><em>company formation<\/em><\/a><em> before the rates go up.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Companies House is implementing significant changes with an unprecedented decision: an adjustment of their fees, marking the first such increase in a considerable period. This decision stems from Companies House&#8217;s comprehensive annual review,...","protected":false},"author":89,"featured_media":1053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/posts\/1015"}],"collection":[{"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/comments?post=1015"}],"version-history":[{"count":2,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/posts\/1015\/revisions"}],"predecessor-version":[{"id":1018,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/posts\/1015\/revisions\/1018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/media\/1053"}],"wp:attachment":[{"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/media?parent=1015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/categories?post=1015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lowcostletterbox.com\/blog\/wp-json\/wp\/v2\/tags?post=1015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}