The Annual Return will be replaced at the end of June 2016 or probably more correctly renamed as the Confirmation Statement. The Confirmation Statement will contain the same information currently provided in the Annual Return together with details of the Person with Significant Control (PSC) Register which all companies will have to maintain from 6 April 2016. The other change that is being made is that whilst at present companies are allowed 28 days in which to file the Annual Return they will only be allowed 14 days in which to file the Confirmation Statement.
The PSC Register will have to contain information on individuals who ultimately own or control more than 25% of a company’s shares or voting rights or who otherwise exercise control over the company and its management.
This PSC Register will be available to the public who can obtain copies of the register from the company. The company will be able to charge a fee of £12 for a copy of the register or any part of it.
As always you can contact Nigel Reynolds of Reynolds and Co by email at firstname.lastname@example.org or by telephone on 07885 490484 to discuss the above or any other business matters.