Essentials: Brexit changes to company law for accountants

The government is passing substantive legislative changes to Companies Act 2006 (CA 2006) via statutory instrument and has issued guidance letters for accountants and auditors with advice on how to operate cross-border in the event of a no deal Brexit. James Waller CA, technical writer at Croner-i Tax and Accounting, explains the key considerations

At the end of January 2019, parliament passed two statutory instruments (SI) amending the Companies Act 2006 and relevant secondary legislation for when the UK leaves the EU. The regulations are careful to refer to ‘exit day’, meaning that these SI will not need to be amended on 29 March 2019 if Brexit date is extended. They will also apply even if no deal is agreed.

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