Important changes that will affect all companies.
The abolition of the Annual Return and the introduction of Confirmation Statements.
From 30 June 2016 the annual return is being replaced by the confirmation statement. At least once every year a company needs to review the information Companies House hold about the company and confirm it's correct or that the company will update it at the time they make the statement. Companies will be able to do this online.
To complete the confirmation statement a company will need to:
As part of the first confirmation statement the company must also provide the information contained in the register of people with significant control (PSC's).
If the company information changes at a later date, the company can make a confirmation statement to update the company record and confirm it's correct. The company can confirm their record is up-to-date as many times as they need to. The company will only be charged once each year.
Additional guidance notes can be found on Companies House website.
From 6 April 2016 you need to start keeping a record of the people who control a company - PSC's. There are criminal penalties if a company doesn't comply with this new legislation.
For most companies PSC's will be individuals who:
If an individual does not meet the above conditions, check to see if there is anyone who:
From 30 June 2016 companies need to provide Companies House with the details of their PSC's. In most cases companies will do this as part of their first confirmation statement.
If a company doesn't have any PSC's or the company is still trying to confirm who they are, the company will have a selection of statements to choose from.
Also if the company believes any of their PSC's should be covered by Companies House's protection regime, they need to read the additional guidance carefully for details of how they can apply to have their information protected.
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