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Less than half of the fines charged with British companies for the late submission of the account was paid last year, asking questions about the efficiency of the implementation of the companies home.
Only £ 73.5 million, or £ 46, out of £ 158 million, fines awarded to companies paid in 2023/24. Extension of the moon to apply for between June 2020 and April 2021. As a result of the Coid-19 pandemia.
Between 2018/19. And 2023/24, £ 386 million has not been raised from a total of £ 785 million charged in financial fine, according to data published in accordance with the Laws on Freedom of Information.
The companies receive fines from House companies if they filed their accounts late, and the money is ultimately paid into the treasury.
Penalties range from £ 150 for private entities that are submitted within a month from the deadline, up to £ 15,000 for public who have been late for more than six months for two years in a row.
Craig Beaumont, Executive Director of the Federation of Small Enterprises, said the data asked questions about publishing fines by House company, Executive Agency of the Department of Business and Trade.
While the Agency publishes information on the number and values of financial fines, it does not state how much fines are actually paid.
Beaumont added, “If it’s the same [directors of companies repeatedly]Setting more and more fines, but without a meaningful engagement, then it will snow ball until the authorities begin to implement. ”
The failure to submit an account is a criminal offense, and 987 directors have persecuted that they did not do 2023/24, and ultimately can lead to the dismissers from the register of companies.
Johnathan Dudley, a partner of Crowe’s accounting company, said the statistics were “alarming” and showed what happened if Rogue Company Directors are not on account.
“You can threaten what you love, but if you don’t hire your teeth, it will continue,” he said.
House companies have announced that “robust procedures for collecting all unpaid punishments” and that it is “distributing new powers to resolve permanent disrespect”.
“The debts are written off only after four years, and when all the possibilities of recovery are exhausted, or that there is no more economic benefit to follow them further,” he added.
Dudley said that the difference between paid fines and a collected amount may also be additional evidence of the “spirit” companies that formed during the pandemic to receive refusal refunds, but which have now become incomplete with their directors who “ran for hills. ”
This is because companies that do not pay for a fine may never file their accounts because the company is allowed to become unsolvently, he said.
“If this is [offending] The companies were founded during Coidida with the aim of securing forged loans, and individuals will find it difficult to find them, “he said.
The return loan scheme was launched in May 2020. She aimed at the smallest company, offering up to 50,000 pounds – or 25 percent of annual traffic – to help them stay in the air during pandemic.
About £ 47 billion was shown, without mandatory credit checks for the borrings. The government provided a 100 -and -as -‘loan guarantee if the companies failed to repay.
The Committee on Public Accounts of the House of House estimated in April 2022 that up to £ 17 billion pounds will never be recovered, and £ 4.9 billion was lost due to fraud.
A spokesman for business and trade said he would “always protect the interests of taxpayers” and that he appointed a commissioner who would compensate for money lost for fraud.
