Changes to UK company law: Economic Crime and Corporate Transparency Act 2023

New changes to UK company law are being brought in by virtue of the Economic Crime and Corporate Transparency Act 2023 (“ECCTA”). The aim of these changes is to tackle economic crime and improve transparency. Companies House has stated that its fees will increase to reflect its new functions and powers under the ECCTA. The measures are being brought in at different stages and dates.

Double cab pick ups to be classed as cars from 1 July 2024

For the last twenty years, private individuals have been able to run pick ups as company cars and pay significantly less tax on the benefit in kind, than if they were a regular saloon, hatchback or SUV. However, in note EIM23151 released on 12 February 2024, HMRC signalled its intention to rescind the tax break on all new pick ups ‘purchased, leased or ordered’ from 1 July 2024.

February Downloadable Guides

Our monthly downloadable guide pack for you to download and read at your leisure

January Downloadable Guides

Our monthly downloadable guide pack for you to download and read at your leisure

Year End Tax Guide 2023/24

The conclusion of the 2023/24 tax year prompts us to reflect on some of the notable developments in the fiscal landscape. This past year has been marked by ongoing efforts to recover from the economic impact of the global pandemic.

Companies House new identity verification process

In recent years there have been lots of advancements in identity verification, including the use of biometrics. This is the use of unique physical characteristics to identify someone, like fingerprints, facial recognition, or even iris scanning. Despite these tech advancements, identity fraud in the UK is growing. This article will outline the new verification process that comes as part of the Economic Crime and Corporate Transparency Act.