Confirmation Statement - New Annual Return For Companies House



From 1 July 2016, Confirmation Statements will replace Annual Returns (AR01). Companies House is introducing a new form (CS01) containing the declaration that records held by the Registrar are correct on the confirmation date.

The first 'confirmation date' will fall a year after the made-up date of the last annual return, although firms can bring this forward if they wish. Due Date is within 14 days of the confirmation date - a tighter deadline than the 28 day grace period for annual returns. If your company was recently incorporated your next confirmation date will be 12 months after the date of incorporation.

The purpose of the new form is to save the time to fill the repetitive information which needs to be provided every year on annual return but majority of accountants see no time saving because annual return take 5-10 minutes in filling.

The good news is fees for the submission is reduce from £15 to £12 if submission made by Companies House portal and from £13 to £10 to those who will submit by third party software.

New legislation requires every limited company to maintain details of Persons with Significant Control (PSC) which includes details of individuals who:
  • Holds more than 25% of the company’s shares;
  • Controls more than 25% of the company’s voting rights;
  • Has a right to appoint or remove a majority of the board of directors;
  • Can exert significant influence or control over the company; or
  • Can exert significant influence or control over a related trust or partnership
For further details, please visit
https://www.gov.uk/government/publications/confirmation-statement/confirmation-statement

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