Mr. Vic Woodhouse of V.G. Woodhouse & Co. has commented "Increased Confirmation statement fees, alone, should be producing £100 million per year."
Company and Companies House features
- In force from 4 March 2024
- Notify in the next form CS01 Confirmation statement after 4 March 2024
- Registered email address - at all times appropriate email address: section 29: 88A;
- (2) An email address is an “appropriate email address” if, in the ordinary course of events, emails sent to it by the registrar would be expected to come to the attention of a person acting on behalf of the company.
- Email address for use by Companies House only; not on the public record.
- Statement of lawful purposes and confirmation statements - annual declaration in the form CS01 Confirmation statement.
The company confirms that the intended future activities of the company are lawful.
- Statutory duty on the company and officers; officers normally means directors:
- There are penalties in default.
- Other responsibilities:
- Registered office address - at all times at an appropriate address: section 28
- (2)An address is an “appropriate address” if, in the ordinary course of events—
- (a) a document addressed to the company, and delivered there by hand or by post, would be expected to come to the attention of a person acting on behalf of the company, and
- (b) the delivery of documents there is capable of being recorded by the obtaining of an acknowledgement of delivery.
- If you are using a virtual office or accommodation address, you need to be sure that Registered Office is part of the supplier's service. There may be addtional fees.
- The role and powers of the registrar
- stronger powers to query information and to amend or remove information from the companies register
- Company and business names.
- Not yet in force
- Identity verification
- Companies House will wish to link identities with existing Government records such as for:
- Passports.
- Driving licenses.
- Addresses are on file for passports although they do not appear on the actual passport.
- Company registers and filings
- Directors' disqualification and corporate directors
- Protecting personal information on the register
- Accounts and audit exemption
Companies House objectives, prescribed in The Act
Objective 1 is to ensure that any person who is required to deliver a document to the registrar does so (and that the requirements for proper delivery are complied with).
Objective 2 is to ensure that information contained in the register is accurate and that the register contains everything it ought to contain.
In Objective 2 the reference to “the register” includes any records kept by the registrar under any enactment.
Objective 3 is to ensure that records kept by the registrar do not create a false or misleading impression to members of the public.
Objective 4 is to prevent companies and others from—
(a) carrying out unlawful activities, or
(b) facilitating the carrying out by others of unlawful activities.
Companies House are raising significant additional revenue by increases in filing fees to fund their investigative and enforcement activities.
Form CS01 Confirmation statement Digital (was £13) from 01/05/2024 £34.
End of Economic Crime and Corporate Transparency Act 2023 ECCTA - Company and Companies House features.
Business getting started
- VAT Registration and general advice.
Tariff £65.00 VAT £13.00 = Total £78.00
- Transfer VAT number from a previous company or business.
Tariff £ no charge in conjunction with a new VAT registration.
- Flat rate VAT scheme advice and application
Tariff £65.00 VAT £13.00 = Total £78.00
Tariff £ no charge in conjunction with a new VAT registration.
- Payroll PAYE scheme setup.
Tariff £65.00 VAT £13.00 = Total £78.00
- CIS scheme setup construction industry subcontractors deduction scheme;
no additional charge if you have a PAYE scheme. The schemes are the same.
Tariff £65.00 VAT £13.00 = Total £78.00
- CIS Gross payment tax treatment.
Application subject to being able to demonstrate
£30,000 labour sales per relevant person.
Tariff £65.00 VAT £13.00 = Total £78.00
- IR35
- Annual calculations and returns.
- Per deemed employee, normally a director.
Tariff £175.00 VAT £30.00 = Total £210.00
Tariff £90.00 Filing Fees £10.00 VAT £18.00 = Total £118.00
Tariff £35.00 VAT £7.00 = Total £42.00
Your company during the year
- Companies House
- Companies House Annual Return
Form CS01 (AR01) (363) Confirmation statement
Tariff £35.00 Filing Fees £13.00 VAT £7.00 = Total £55.00
- CS01 Update
Updating information for companies registered before 06/04/2016 from AR01 information to CS01 information
including People with significant control PSC
Tariff £35.00 VAT £7.00 = Total £42.00
Read more
about People with significant control PSC's
Anti Money Laundering
- Form PSC01 Notice of individual person with significant control (PSC)
- Real time information RTI for Persons with significant control PSC’s – The European Union Fourth Anti Money Laundering directive
From 26 June 2017
- Companies are required to register changes in PSC's with Companies House on forms PSC01 to PSC09.
First condition holds, directly or indirectly, more than 25% of the shares in company.
Second condition holds, directly or indirectly, more than 25% of the voting rights in company.
Third condition holds the right, directly or indirectly, to appoint or remove a majority of the board of directors of company.
Fourth condition has the right to exercise, or actually exercises, significant influence or control over the company even if not a shareholder or director.
Fifth condition - also applies to trusts and partnerships which meet any of the other four conditions.
Read more
about Companies House PSC Register details
Companies House guidance
- The details you’ll need are:
- Name
- Date of birth
- Nationality and country of residence
- Correspondence address - known as the ‘service address’
- Home address (this must not be disclosed)
- Date they became a PSC of the company
- Date you entered them into your PSC register
- All natures of control which apply
-
- You must include the level of their shares and voting rights, within the following categories:
- Over 25% up to (and including) 50%
- More than 50% and less than 75%
- 75% or more
- Our note: If there are non voting shares, the share percentage may differ from the voting rights percentage .
Contacting your PSC
- Directors must try to identify and contact anyone who could be a PSC of the company.
- Refusing to provide PSC information is a criminal offence, and you can apply restrictions on their shares or voting rights following repeated failure to respond.
PSC Changes
The most usual changes to PSC details
- Shareholders:
- Changes in shareholder address and basic details etc.
- New shareholder owning more than 25% of the share capital or more than 25% of the voting rights.
- Bands:
- Over 25% up to (and including) 50%.
- More than 50% and less than 75%.
- 75% or more.
- Changes in the percentage ownership band of an existing shareholder.
- Where there are no shares:
- Company limited by guarantee.
- Limited liability partnership.
- The same principles apply according to voting rights.
- Also applicable to a person who:
- Holds the right, directly or indirectly, to appoint or remove a majority of the board of directors.
- Has the right to exercise, or actually exercises, significant influence or control over the company.
- Significant influence or control provisions mean that related parties share capital and voting rights need to be agregated for PSC reporting.
- Also applicable to individuals with control over shares and voting rights owned by trusts.
- Also applicable to individuals with control over shares and voting rights owned by partnerships or other firms.
- Meets one or more: Where more than one category applies to an individual, include all for that individual.
Frequently used PSC forms
The forms that most frequently apply:
- File form PSC01 for new individual PSC.
- File form PSC04 for change of individual's details.
- File form PSC07 for ceasing to be a PSC - All entities.
- See full list of PSC forms below.
When Joint Shareholders are PSC's
- Each joint shareholder is taken to hold the entire shareholding in their own right for PSC purposes.
- So where joint holdings apply, the total of PSC's may exceed 100%. This is correct according to the legislation.
When a trust is a PSC
- Each trustee is taken to hold the entire shareholding in their own right for PSC purposes.
- So where trustee holdings apply, the total of PSC's may exceed 100%. This is correct according to the legislation.
PSC's when the company is a Charity
- Limited by guarantee.
- Charity-owned trading subsidiaries.
- Significant influence or control could apply to major donors, influential advisors, or founders.
Not PSC's
- Significant influence or control excludes:
- Directors - acting as employees; who hold less than 25% of shares or voting rights.
- Routine professional advisers.
- Lenders.
- Customers.
- Suppliers.
Time to notify changes in PSC's
- Companies have 14 days, after any change, to update their PSC register and
- An additional 14 days to submit the information to Companies House.
- Criminal proceedings could result from the non submission or incorrect completion.
- Penalties may be fines; custodial sentences are possible.
PSC Beneficial owners may NOT be
- Foreign companies unless the foreign company is listed on a stock exchange equivalent to the London Stock Exchange such as the New York Stock Exchange and other well-known exchanges.
- Companies with tax haven addresses.
PSC forms:
If you have elected to keep PSC register information on the public register the full date of birth is available for public inspection.
Form PSC01 New individual PSC
Form PSC02 and PSC03 Equivalent forms for significant control by other entities whether or not you have elected to keep PSC register information on the public register.
Form PSC04, PSC05 and PSC06 New individual PSC. Change details forms: Individual, Relevant Legal Entity RLE or Other registerable person ORP, respectively.
Form PSC07 Ceasing to have significant control form. Same form for Individual, Relevant Legal Entity RLE or Other registerable person ORP.
Form PSC08 and PSC09 Notification of PSC statements indicating that a company has taken reasonable steps to find out if there is anyone who is a registrable person or a registrable relevant legal entity (RLE), and if so, to identify them.
Persons of significant control (PSC's) are registrable persons
Companies must identify and report on Persons of significant control (PSC's)
There are Tick boxes on Form PSC08 to notify Companies House that:
☐ There is no registrable person.
☐ The company has not yet completed taking reasonable steps to find out if there is anyone who is a registrable person.
☐ There is an identified registrable person for whom details have not been provided.
☐ Section 790D Notice From: The company To: A 'new' registrable person:- Information has been requested from the person but has not been provided by them.
☐ Section 790E Notice From: The company To: An existing registrable person:- Information of change(s) has been requested from the person but has not been provided by them.
There are Tick boxes on Form PSC09 to amend or withdraw previous notifications on Form PSC08.
Tariff per form £35.00 VAT £7.00 = Total £42.00
Read more
about PSC forms
New PSC
Form PSC01 Notice of individual person with significant control (PSC)
Form PSC02 Notice of relevant legal entity with significant control
Form PSC03 Notice of other registrable person with significant control
Change PSC
Form PSC04 Change of details of individual person with significant control
Form PSC05 Change of details of relevant legal entity with significant control
Form PSC06 Change of details of other registrable person with significant control
Ceasing to be a PSC
Form PSC07 Ceasing to have significant control form. Same form for Individual, Relevant Legal Entity RLE or Other registerable person ORP.
Other PSC notifications
Form PSC08 Notification of PSC statements
Form PSC09 Give notice of update to PSC statements
- Year end
Form AA01 (225) Change of accounting reference date.
Tariff £35.00 VAT £7.00 = Total £42.00
- Registered office change
Form AD01 (287) Notice of change in situation of registered office.
Tariff £35.00 VAT £7.00 = Total £42.00
- Registered office
- Acting as the company registered office for a year or part-year.
Tariff £65.00 VAT £13.00 = Total £78.00
- Registered office change to our office
Tariff £ no charge for the change but annual fee as above.
- Directors and Secretaries forms
Form CH01 Change the details of a director and other forms as applicable (288a,b,c): Appointment, resignation, change of particulars of director or secretary.
Tariff £35.00 VAT £7.00 = Total £42.00
- Directors - combined changes when the director is also a Person with significant control PSC. Two forms.
Form CH01 Change of director’s details
Form PSC04 Change of details of individual person with significant control
Tariff £50.00 VAT £10.00 = Total £60.00
- Directors - combined changes when changing both the home address and service address at the same time. Two forms.
Add for the additional address
Tariff £25.00 VAT £5.00 = Total £30.00
Read more
about Directors and Secretaries forms
Directors and secretaries forms
Form AP01 Appoint a director
Form AP02 Appoint a corporate director
Form AP03 Appoint a secretary
Form AP04 Appoint a corporate secretary
Form CH01 Change the details of a director
Form CH02 Change the details of a corporate director
Form CH03 Change the details of a secretary
Form CH04 Change the details of a corporate secretary
Form TM01 Terminate an appointment of a director
Form TM02 Terminate an appointment of a secretary
- Shareholders
- New shares - Form SH01 (88 (2)) Return of allotments of shares.
Tariff £65.00 VAT £13.00 = Total £78.00
Tariff £35.00 VAT £7.00 = Total £42.00
plus Stamp duty where applicable
- Stamp Duty payment and administration
Tariff £25.00 VAT £5.00 = Total £30.00
Read more
about Stamp Duty payment and administration
Stamp Duty on shares and securities
Stamp Duty payment and administration
Not normally payable if you buy stocks and shares for £1,000 or less
2023/24: 0.5%
2024/25: 0.5%
Rounded up to the nearest £5
Send your stock transfer forms and stamp duty payable to the Stamp Office no later than 30 days after they’ve been dated and signed. The previous working day if the 30 days falls on a week-end or holiday. Subject to late submission penalties.
- Extract from HMRC guidance:
- "How to pay
- Pay by either Faster Payment, Bacs or CHAPS
- Provide a payment reference so we can identify your payment
- Use your name followed by the payment amount (no spaces), for example JBrown/240.00
If you’re a solicitor or adviser making a payment on behalf of your client you can use your client’s reference or matter number as the payment reference.
Your payment could be delayed if you use the wrong reference.
Do not post a cheque payment to us. If you cannot pay electronically you should contact us.
Payments from UK accounts
Use the following details to make a payment from a UK account:
- sort code - 08 32 10
- account number - 12001098
- account name - HMRC Birmingham Stamp Office
After you have paid
You’ll need to email your Stamp Duty notification to us.
What you need to do
Email your notification to stampdutymailbox@hmrc.gov.uk.
Your email should include:
- the payment reference
- the payment amount
- the date of payment
- an electronic copy (for example, a scanned PDF) of either your:
- signed and dated stock transfer form
- form SH03 for return of purchase of own shares"
end of Stamp Duty payment and administration
- VAT
- VAT change of particulars - Name, address, VAT quarter and other
Tariff £25.00 VAT £5.00 = Total £30.00
Tariff £35.00 VAT £7.00 = Total £42.00
- Application to cancel your VAT Registration
Tariff £35.00 VAT £7.00 = Total £42.00
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