We have also written directly to clients who will be impacted regarding the Companies House ID checks.
Companies House have introduced identification changes which means that all directors and persons of significant control (PSCs) of limited companies and those who file on behalf of companies, will need to verify their identity in the UK.
This falls as part of the Economic Crime and Corporate Transparency Act 2023 and full details can be found here: https://www.gov.uk/government/news/companies-house-starts-to-verify-identities
This change has been introduced due to an increase in fraud and money-laundering in the UK, and the increasing use of Artificial Intelligence (AI) which is becoming more sophisticated and making it extremely difficult to distinguish between real and fake documents.
Failing to comply with these new rules may lead to filing issues and potential financial penalties.
This will impact all existing directors and PSCs, if you are appointing a new director, becoming a PSC (so owning more the 25% of shares) and filing your confirmation statement.
You will have already received an email from Companies House asking you to do this and we are recommending that our clients start to do this as soon as possible if they haven’t already.
