The Economic Crime and Corporate Transparency Act 2023 (ECCTA) came into full effect in March 2024 and will significantly impact how companies interact with Companies House. The ECCTA will provide a major shift in the role of Companies House (CH). CH will now have the following powers:
- Cross check and query information presented by companies
- Impose and penalties for Companies Act breaches
- Remove inaccurate information
- Impose civil penalties for non-compliance
- Place restrictions on companies shortening their accounting periods
The 3 key changes that will impact limited companies immediately are as follows:
- A requirement for all companies to provide a valid registered email address.
- Make a declaration regarding the lawful purpose and appropriate address.
- A prohibition on the use of a P.O box as a registered office address.
Should you need any further guidance on these changes get in touch with Archers Accountants
