The latest figures showed that 89.6% of companies filed accounts online, with a hard core of companies still preferring paper based accounts.

However, regardless of whether accounts were filed online or on paper, the overwhelming majority filed their accounts online with only 1.6% of companies filing late.

Regardless of high compliance levels, a record number of penalties were charged as companies recovered from the pandemic. During the financial year 383,276 penalties were levied (2020/21: 181,410), an increase of 201,866 (111%) on the previous year.