Earlier this year Leverets reported on the first set of company law changes under the Economic Crime and Corporate Transparency Act.
These include ensuring you have the correct data filed with Companies House – appropriate address, registered email address and statement of lawful purpose.
Under these company laws changes, Companies House now has increased powers to scrutinise and reject inconsistent, inaccurate, and misleading information filed by companies.
Companies House has published a new guidance document, outlining how it will exercise these enforcement powers to issue financial penalties. The guidance includes:
·      When Companies House can issue financial penalties
·      What to do if you get a warning notice
·      How Companies House calculates the penalty
·      Financial penalty amounts
·      The appeals process
·      How to avoid a penalty
Make Leverets your first point of contact if you would like more information about these changes and how they might affect your business, or advice on rapidly-changing company legislation.
