UK company law is changing – Get ready now!

UK company law is changing – Get ready now!

There is a series of impending changes to UK company law as a result of the enactment of the Economic Crime and Corporate Transparency Act last year.

These highly anticipated changes, expected to commence on 4 March 2024, subject to parliamentary schedules, will significantly impact the operation and compliance requirements of your company.

Directors must understand and comply with these changes from the first day of their implementation, which is why our team have outlined the new rules below:

Key changes to prepare for:

Given these changes, you should be prepared to provide evidence of your registered office address and ensure all statements regarding the lawful purpose are accurate and up to date.

Failure to comply with these new regulations, especially regarding registered office and email address, could lead to the committal of corporate offences and, potentially, the striking off of your company from the register.

Act now

While the changes may seem a way off yet, we suggest you take the following steps now:

Should you need any assistance or have any questions, please feel free to reach out for further guidance from our experienced team.

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