What are the important changes at Companies House?

Accountants should use Companies House changes to stress the need for clients to improve their corporate governance and promote transparency, says Tim Pinkney, director of professional standards at the Institute of Financial Accountants (IFA)

The Economic Crime and Corporate Transparency Act (ECCTA) is already starting to have an impact on companies, partnerships, and directors, with reforms being implemented gradually from 1 March this year, until 2026.

The purpose of the Act is to strengthen Companies House and promote corporate transparency. This is aimed at combatting economic crime and supporting company growth by improving company information.

As a result, new and existing registered company directors, people with significant control of a company (PSCs), and those who file on behalf of a company will have increased responsibilities.

Clients will be affected by several important changes:

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe