New year, new rules
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
Other Insights
-
15th August 2024Understanding mediation
If you are considering separating from your partner, the process of divorce can seem daunting. You are not alone in feeling like this and the family team at SMB are regularly asked about the process of divorce and mediation. Below we have compiled some of the most popular questions that clients ask us about mediation to help sign post you to your next steps.
Read more -
12th August 2024Highlighting some of the heroes – the Post Office scandal
As the Horizon IT Post Office Inquiry Phase 6 comes to an end, and ever more shocking evidence appears about how sub-postmasters were unlawfully convicted as part of a massive criminal conspiracy, when considering all of the bad actors who contributed to the biggest miscarriage of justice in English legal history, it’s worth remembering that there are also people who fall into the opposite category.
Read more -
29th July 2024The value of pre-publication procedure
In order to thwart threatened (or successfully defend actual) defamation claims, publishing lawyers regularly advise journalist/publisher clients on the proper fulfilment of their journalistic obligations.
Read more