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SMALL BUSINESS, EMPLOYMENT AND ENTERPRISE ACT 2015

25 September 2015

Hewitsons (Cambridge) announce that a revised implementation timetable has been published by Companies House.A revised implementation timetable has been published by Companies House for the Small Business, Employment and Enterprise Act 2015 (‘SBEEA’). Key changes to the timetable are as follows:a register of persons with significant control (PSC Register) must be maintained by companies from April 2016 (previously January 2016);

  • companies will be required to file the PSC Register information at Companies House from 30 June 2016 onwards (previously April 2016);

  • "check and confirm" statements (which replace annual returns) and a new regime relating to Statements of Capital will come into force in June 2016 (previously April 2016);

  • companies will be able to opt to keep registers solely at Companies House from June 2016 (previously April 2016); and

  • amendments to the director disqualification regime are expected to come into force in June 2016 (previously April 2016).

Implementation of the bar on corporate directors taking effect has been pushed back to October 2016. To review the revised implementation timetable in full, please read the Companies House updated timeline which summarises the changes https://www.gov.uk/government/news/the-small-business-enterprise-and-employment-bill-is-coming