TTR Barnes

Since March this year, new measures have been introduced by The Economic Crime and
Corporate Transparency Act, bringing some of the biggest changes to UK Company Law since
1844.

Here are just some of the changes this act will bring into force:

• To allow for stronger checks on businesses’ details, all companies now need to provide a
contact email.

• Company documents, including statutory accounts must be sent electronically, rather than by post.

• Businesses will need to provide identification when setting up limited companies, including stronger address
verification.

• The names of all stakeholders must be listed by the business, to provide full transparency of
ownership.

• Personal details in historical documents will be concealed with the aim of preventing abuse of
information.

• All of Companies House fees are increasing.

Companies House have brought these measures in to tackle economic crime more effectively and
improve corporate transparency. Find out more by visiting Companies House here.

To find out more about how these changes will impact your company, please do not hesitate to
contact our friendly team.

All information correct at time of going to print/live and on the best knowledge and understanding of the author at the time. This article is for general information only and does not constitute financial advice or recommendations for individual circumstances. No responsibility is taken for any actions taken on the base of the information within this article.