In April, The Government introduced legislation that will impact every business in the UK. This is by far the most significant change in company law in many years, there are two key dates that you need to be aware of:
6th April 2016: From this date all UK Companies and LLPs must maintain a register of People will Significant Control (PSC) which, along with other statutory registers, must be available to public inspection upon request.
30th June 2016: From this date, PSC information must also be submitted for all new company incorporations and will be publicly available at Companies House. Also the Annual Return will cease to exist and will be replaced by a Confirmation Statement that will provide details of PSCs to the public register at Companies House. The date that you need to submit a Confirmation Statement will be the same as the date that you need to submit your Annual Return.
There are a couple more conditions, although these only apply in limited circumstances:
For each person with significant control, you will need to submit:
You will need to keep a register of People will Significant Control (PSC) from the outset and will need to provide this information to us before we can setup the business.
Even though you won’t need to file anything at Companies House until your Annual Return – or “Confirmation Statement” as it will become – is due after 30th June, it’s important to take action now by compiling your PSC information, ready for you to submit to Companies House at the appropriate time.
To find out when your Annual Return needs to be submitted, click here and enter your company name.
If you have any questions about these changes, please get in touch – we’re here to help.
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