All company directors and people with significant control (PSCs) need to verify their identity to prove who they are. This is a new legal requirement under the Economic Crime and Corporate Transparency Act 2023 to help prevent people using companies for illegal purposes.
Identity verification will become mandatory in autumn 2025.
Act now and verify your identity before it becomes a requirement.
If you or any other directors do not comply with identity verification requirements on time, you will not be able to file your company’s confirmation statement or other filings.
You’ll also be committing an offence and there are a range of consequences, including a financial penalty and being unable to start a new company.
