Changes to Companies House submissions as a result of Brexit

There are even a few changes that impact submissions to Companies House and the information held in the statutory books for companies, limited liability partnerships (LLPs) and other corporate entities. The details are contained in The Companies, Limited Liability Partnerships and Partnerships (Amendment etc.) (EU Exit) Regulations 2019. The main changes that are relevant to the statutory registers and submissions to Companies House are detailed below. Changes to statutory registers The online way to manage officer records Inform Direct is the innovative and straightforward way to manage officer records. Start now Find out more | Log on From the end of the transitional period the information that needs to be held in the statutory registers for corporate officers (corporate directors, corporate secretaries and corporate LLP members) is changing. The registers need to state whether the corporate is a UK registered company (previously this was whether the corporate is a European Economic Area (EEA) registered company); and
  • if not a UK registered company then need the legal form of the corporate office and the law it is governed by – this was previously only needed if not an EEA registered company
Where a company has an existing corporate officer that is a company based in an EEA country other than the UK the relevant register(s) will need to be updated to include the legal form and law governed details.  Companies will have until 31 March 2021 to update their registers. In addition, companies will need to make submissions to Companies House to notify them of this additional information for existing corporate officers that are EEA registered companies. Changes to submissions to Companies House The change in information recorded in the statutory registers means that the information held by Companies House needs to be amended in line with those changes.  Therefore, some of the submissions to Companies House are being changed from 11pm on 31 December 2020. The submissions to Companies House being changed are:
  • AP02 Appoint a corporate director
  • AP04 Appoint a corporate secretary
  • LL AP02 Appoint a corporate LLP member
  • CH02 Changes to a corporate director
  • CH04 Changes to a corporate secretary
  • LL CH02 Changes to a corporate LLP member
The regulations also amend the wording of the rules for when a company is exempt from submitting shareholder details and from maintaining a PSC register. The exemptions currently apply where shares are traded on an EEA regulated market, which includes the UK. This has been amended to shares traded on a UK or EU regulated market.  This means that the confirmation statement will be changed for limited companies where part 3 (Trading status of shares and exemption from keeping a register of people with significant control) needs to be included. Finally, there are certain reasons that allow a company or LLP to extend its accounting reference date for a second time in five years.  Currently one of these reasons is if the change is to align the accounting reference date with an EEA parent or subsidiary.  This is changing to only allowing such a change when aligning with a UK parent or subsidiary.  This means that the following forms will be changing:
  • AA01 Change accounting reference date for a company
  • LL AA01 Change accounting reference date for a LLP
Timing of Companies House changes Companies House has stated that they will make the change to their online systems for these amended forms at 11pm on 31 December 2020.  This means that any filings received by Companies House, electronic or paper, after this time will need to be made using the new forms.  To make the changes to the electronic submissions Companies House online services will be down for a while around this period. Companies House submissions are changing from 11pm on 31 December 2020 It is, therefore, important that you ensure all filings (especially accounts and confirmation statements) due by the end of December are made well before this time as otherwise the submission may not be accepted before the filing due deadline. Inform Direct The Inform Direct portal at Companies House will be taken down at a time before 11pm on 31 December 2020 to ensure that all submissions using the old forms have been received by Companies House before the change.  They expect it to be back online in the morning of the 1st January 2021 The post Changes to Companies House submissions as a result of Brexit appeared first on Inform Direct. This content was originally published here.
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