The fees charged by Companies House to set up a new company, and perform some other services, are to be cut from October 2012, reflecting the lower costs of providing services electronically.
Companies House has a duty to charge a proportionate fee for providing its services, and the new fees should apply once Parliamentary approval has been given.
New fee structure from October 2012
From October 2012, the cost of incorporating a new limited company via the current Business Link online service will be cut from £18 to £15. For software-based incorporations (often carried out by intermediaries such as formations agents), the fee will fall from £14 to £13 for both limited liability companies and limited liability partnerships (LLPs).
The costs of other services is also due to fall – the cost of submitting an Annual Return for both limited companies and LLPs will be £13, instead of £14.
There will also be a reduction in fees for a number of search functions.
For more information, read this Companies House update.
How to form a company
In order to set up a company, you will need to provide Companies House with a range of information about your proposed company and its officers (Form IN01), and submit a copy of your Articles and Memorandum of Association.
You can form your company direct via Companies House, via a formations agent, or an accountant.
To find out more, read our guides to setting up a company.