Changes to company annual returns
What is new?
From 30 June 2016, annual filing requirements have changed, including a change which sees the requirement for all companies to file an annual return being scrapped and greater options for private companies as to how statutory books are held.
What does this mean?
A company is no longer required to file an annual return, instead a confirmation statement is submitted to Companies House every 12 months. This confirmation statement includes, among other things, the declaration and details of the company’s “persons of significant control”, making this information easily accessible to the public. Additionally, all private companies now have the option to keep their statutory registers at Companies House, to be maintained by the registrar.
What should you do about it?
Further information about the changes can be found at www.companieshouse.gov.uk. If you are responsible for completing your own filings at Companies House and would like further guidance or support, please get in contact.
If you are yet to complete a PSC Register and are now in breach of the legislation, please contact us so we can advise on the steps you should take to minimise your exposure, some initial details can be found here.
For more information please contact Nikki Ashfield, Solicitor, Corporate Finance.
Published: 6 Jul 2016