ACS has welcomed an announcement from the Department for Business, Energy and Industrial Strategy this morning (25th March), extending the deadline for filing all accounts by three months for businesses that have been affected by Covid-19. Under normal circumstances, companies that file accounts late are issued with an automatic penalty.
As part of the measures, while companies will still have to apply for the three month extension to be granted, those citing issues around Covid-19 will be automatically and immediately granted an extension.
