What does the annual returns filing process mean to you?
Laborious paper form filling or (with the introduction of the
Companies Act 2006) electronic filing online? Regardless
of which method you use, for many companies, it involves simply
repeating the information on last year's form. From 1 October
2011, changes are required to some information and caution must be
urged even if you think there have been no major alterations to the
company information from last year.
The main changes are in relation to trade classification codes
(SICs) which indicate your company's principal business
activities. Although the code system is nothing new, the codes
themselves have changed. Previously, the codes to be used were
taken from the UK Standard Industrial Classification of
Economic Activities 2003. In 2007, this classification was
updated and these new codes must be in use from 1 October. The
revision of the 2003 scheme has led to so many significant changes
that it would be
