Important Updates from Companies House: What You Need to Know
I’ve always believed that everyone should have their own company or at least a side hustle—it’s the best way to control your finances, manage taxes effectively, and secure your financial future. But recent updates from Companies House mean starting and managing a business might soon get more complicated. If you’ve been thinking about setting up, now might be the perfect time to jump in before these changes make it trickier.
Key changes you should know:
- Registered Address and Email Requirements (already in effect):
Your company must always have an appropriate registered office address and a registered email address with Companies House. Make sure these details stay updated to avoid penalties. - New Financial Penalties (started Oct 2024):
Late filing or non-compliance with requirements like confirmation statements will now lead to financial penalties. Stay organized and file on time. - Identity Verification (coming soon):
Everyone involved in setting up or running a UK company will need identity verification. If your details aren’t accurate, you risk financial penalties, being blocked from making filings or even being barred from starting new companies. - Changes to Filing Accounts (by 31 March 2026):
The existing online accounts and tax return service is closing. You’ll need software to file accounts digitally. Companies House is shifting towards software-only filings—get ahead by exploring options now.
Stay updated on these changes by regularly checking the Companies House updates page.
Act now, secure your side hustle, and keep control of your financial future!
