Until now, companies have been required to file an Annual Return every year which updates the Register of Companies with current information about Directors, shareholdings, registered office, etc. From 30 June, companies will no longer be required file an Annual Return but merely a ‘Confirmation Statement’ This confirms that the current details on the Register are correct or provides details of any changes which have occurred during the past year.
The statement must be filed within 14 days of the anniversary of the date when the company was incorporated.
The new form is called CS01 and is downloadable from Companies House or you can file online. You need to pay a fee of £40 each time you file this form.
The intention of the form is to reduce administration for companies.
Mark Barrett is Head of the Commercial Dept and deals with company law matters at LLB