Companies act

The enterprise bill becomes law

The enterprise bill received royal assent on 4 May 2016, becoming the enterprise act. The act aims to deliver a range of measures to help support businesses.

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Register of persons with significant control requirement introduced

As of 6 April 2016, all companies and limited liability partnerships must now keep a register of persons with significant control.

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P46 (car)

Question mark over pre-Budget Report

It is thought that the government may look at removing, if only temporarily, the autumn pre-Budget Report.

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Mergers & acquisitions

Sometimes the best way to improve your competitive position in the marketplace is through a merger or acquisition.

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Company secretarial

The Companies Act requires companies to submit various documents within strict time limits.

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Audit

Though business owners traditionally regard the annual audit and preparation of annual accounts as a cost centre.

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Filing of accounts and late filing penalties

Companies are automatically fined if accounts are not submitted on time. Accounts should be normally be filed for a private company nine months after the company's accounting reference date.

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