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ARTICLE · 15 JANUARY 2024

New Year, New Rules

Simons Muirhead & Burton
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Last October, the Economic Crime and Corporate Transparency Act 2023 (ECCTA) received Royal Assent. The key objective of ECCTA is to prevent crime and support business...

United KingdomCorporate/Commercial Law
Lucy Newman
Lucy Newman

Last October, the Economic Crime and Corporate Transparency Act 2023 (ECCTA) received Royal Assent. The key objective of ECCTA is to prevent crime and support business and last week it was announced that certain Companies House changes will be implemented in March of this year as a result of the introduction of ECCTA.

Imminent changes include the requirement for companies to provide Companies House with a registered email address and to confirm in their Confirmation Statements that their activities are lawful. Further changes (with implementation dates to be confirmed) include requiring all company accounts to be filed online, the abolition of abridged accounts and small/micro-entities needing to file their profit and loss accounts. Companies House fees are also expected to increase at some point, which will be the first increase in over 5 years.

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