Summary of Companies House changes

by tiemadmin | Nov 30, 2023 | Corporate Governance & Regulation

The Economic Crime and Corporate Transparency Act received royal assent on 26 October 2023. The new Act provides Companies House with more power to reduce the abuse of corporate structures whilst at the same time tackling economic crime. As part of the measures that...

Re-starting a dormant company

by tiemadmin | Oct 12, 2023 | Corporate Governance & Regulation

HMRC must be informed when a non-trading or dormant company starts trading again and thus becomes active for Corporation Tax purposes. Companies can use HMRC Online Services to supply the relevant information.  When a company has previously traded and then ceases...

Change to Company Accounts filing

by tiemadmin | Sep 21, 2023 | Corporate Governance & Regulation

The Economic Crime and Corporate Transparency Bill has completed its initial journey through the House of Commons and the House of Lords and is now at the stage known as, consideration of amendments. This is where the second House’s amendments are considered,...

Closing a limited company

by tiemadmin | Sep 7, 2023 | Corporate Governance & Regulation

There are a number of reasons why you may consider closing your limited company. This could be because the limited company structure no longer suits your needs, your business is no longer active, or the company is insolvent. You will usually require the...

Companies urged to file accounts early

by tiemadmin | Sep 4, 2023 | Corporate Governance & Regulation

Companies House has issued a news update targeted at companies who are due to file accounts by the end of September 2023. Generally, this would be for accounts ending 31 December 2022. In their update they said: All limited companies, whether they trade or not, must...