In the single biggest change to the role of the UK Registrar of Companies since it was created in 1844, the Economic Crime and Corporate Transparency Act 2023 is making a number of modifications to company law with the aim of enhancing corporate transparency and reducing economic crime. To facilitate this, the Act makes further provisions about companies, limited partnerships and other kinds of corporate entities, and around the registration of overseas entities.
The legislation affects all those who interact with Companies House, whether individuals or entities. It affects all directors, secretaries and people with significant control of entities registered at Companies House, as well as the entities themselves, including companies, limited partnerships, limited liability partnerships and overseas entities. There is also impact on agents of such entities, such as accountants, auditors and those who provide company secretarial services. This session will focus on the provisions which have the greatest impact on accountants and advisors in their interaction with clients.
Claire Thomson covers the following topics during this session:
- A summary of the main changes the legislation is bringing in
- The implication of these changes for accountants and their clients
- How accountants can support their clients
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.