Changes to UK company law
Read the latest updates on changes to UK company law, under the Economic Crime and Corporate Transparency Act.
When the Economic Crime and Corporate Transparency Bill is passed, along with many other changes such as identity verification, we expect to gain the power to mandate how companies file their accounts. We will be moving to software-only accounts filing, which will see the removal of all other filing routes for accounts.
The way we operate at Companies House is changing. Since 22 September 2022, the Economic Crime and Corporate Transparency Bill has been making its way through Parliament. The changes set out in the Bill will improve transparency by making more financial information available to the public. This will help tackle economic crime and provide more information for enforcement agencies. As part of this package of reform, we are streamlining the accounts filing options available to small and micro companies.
As part of the Economic Crime and Corporate Transparency Bill, the government will introduce measures to prevent abuse of personal information held on the Companies House register.
At Companies House, we will be implementing a new identity verification process to help deter those wishing to start companies for illegal purposes. Find out how anyone setting up, running, owning or controlling a company in the UK will need to verify their identity to prove that they are who they claim to be.
The Economic Crime and Corporate Transparency Bill is currently making its way through Parliament. This legislation will fundamentally change our role and purpose and give us the powers we need to play a more significant role in tackling economic crime.
The new Economic Crime and Corporate Transparency Bill will lead to major reform at Companies House. Read our blog post to find out more about the changes.
Read about our corporate plan for 2022-23 which outlines what will be one of the most significant years for Companies House since it was created in 1844.
The government has announced that new legislation will be brought forward to tackle economic crime. Find out what these measures mean for Companies House.
