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.
The changes expected as part of ECCTA are varied and aim to make matters more efficient and secure, only time will tell if this works. The government has published the following guidance https://changestoukcompanylaw.campaign.gov.uk
The Media Bill is currently at Committee stage in the UK House of Lords and is expected to become law this summer. In only a year from now a number of Video On Demand (VOD) services seen by viewers in Britain will find themselves designated by the UK government as Tier 1 services.
Read moreOn 21 October 2022, the government announced that it was backing the Protection from Redundancy (Pregnancy and Family Leave) Bill.
Read moreBy now, everyone is likely to have heard of ChatGPT: the generative AI module which has taken the world by storm, with its ability to review and analyse a vast amount of content to produce a coherent stream of consciousness that is not too dissimilar from a human’s.
Read more