Article Tag: Companies House

Companies House Update: Automatic Extensions No Longer Granted

Automatic extensions no longer granted by Companies House

In recognition of the difficulties facing businesses at the beginning of the COVID-19 pandemic, Companies House announced in March 2020 that companies would be able to apply for a three-month extension period to file their accounts. Automatic extensions were then introduced in June 2020 to help relieve the burden on businesses, covering companies with filing… Read more »

Why Failure to Follow the Share Buyback Procedure Can Prove Costly

person holding sheets of information illustrating share buyback procedure

The ability of a private limited company to purchase its own shares provides shareholders with a return on their shares. It is frequently employed upon retirement or cessation of employment, but it can also be used as an effective way of returning surplus cash to shareholders or tidying up the existing share capital structure. However,… Read more »

Companies House to Resume Enforcement of Its Strike off Process

Man filing documents and writing on sheet of paper - companies house to resume strike off process

In April, as a response to the COVID-19 pandemic, Companies House introduced temporary measures to its enforcement powers against companies that fail to comply with their statutory filing obligations. Those measures included: Pausing the strike of process to prevent companies from being dissolved; and Treating late filing penalty appeals sympathetically where the late delivery was… Read more »

Changes to Companies House Strike Off Policy and Late Filing Penalties

Companies House has announced temporary changes to its strike off policy and approach to late filing penalties to support companies affected by the COVID-19 outbreak in meeting their legal responsibilities. The new measures include: Pausing the strike off process to prevent companies from being dissolved When a company makes a voluntary application for strike off,… Read more »

COVID-19: Temporary Measures for Paying Stamp Duty on Shares

The COVID-19 pandemic has had an immediate impact on the number of corporate completions taking place with many aborting or being substantially delayed.  For the transactions that are still going ahead, HMRC and Companies House have implemented temporary measures in relation to the payment of stamp duty on share purchases. Under normal circumstances, stock transfer… Read more »

Companies House: Extension Granted for Accounts Filing due to COVID-19

As a result of Covid-19, Companies House has confirmed that companies will be able to apply for an immediate three-month extension period to file their accounts. Businesses were able to apply to make such an extension application from 25th March 2020. There are some exceptions where COVID-19companies have previously applied for an extension to their… Read more »

Important Changes To Companies House Filings

Important changes have come into effect that will alter the filings which all companies are required to make at Companies House. Currently any changes to Persons with Significant Control (PSC) are notified via the annual confirmation statement. This means that there can sometimes be a time lag of up to 12 months between the date… Read more »