- Published: Thursday, 07 April 2016 00:00
From 6th April 2016 the method in which relevant companies and LLPs file annual returns is changing. Where previously companies only needed to record the immediate, legal owners of their shares, a business is now required to identify relevant persons who ultimately have control of the company.
A ‘People with Significant Control (PSC)’ register will now be required along with a company’s ‘Confirmation Statement’, which will replace the annual return. This will continue to be filed on an annual basis.