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When dividends cannot be paid

by admin | Aug 21, 2025 | Corporate Governance & Regulation | 0 comments

Under the Companies Act 2006, dividends can only be paid from realised profits, never from capital, no matter what a company’s Articles of Association say. Dividends can only be paid by a company out of profits available for distribution, not from capital, even...

HMRC to increase anti-money laundering fees

by admin | Aug 7, 2025 | Corporate Governance & Regulation | 0 comments

Fit and proper test fee to jump from £150 to £700 under HMRC’s proposed AML supervision changes Many businesses are monitored by the Financial Conduct Authority (FCA) or certain professional bodies for Anti-Money Laundering (AML) purposes. However,...

Verifying your ID at Companies House

by admin | Jul 24, 2025 | Corporate Governance & Regulation | 0 comments

You now need to set up a verified GOV.UK One Login to confirm your identity with Companies House. To verify your identity at Companies House, you can use the GOV.UK online verification service if you have one of several accepted photo identification documents. These...

New requirements for Overseas Entities

by admin | Jul 17, 2025 | Corporate Governance & Regulation | 0 comments

Overseas property owners must now report earlier ownership changes or risk penalties from 31 July 2025. Under new rules introduced by the Economic Crime and Corporate Transparency Act 2023, entities that registered on the UK’s Register of Overseas Entities must...

New requirement – verifying ID at Companies House

by admin | Jun 12, 2025 | Corporate Governance & Regulation | 0 comments

Identity verification is now rolling out for directors, PSCs, and agents, with more filing roles to be included soon under new anti-fraud rules. Companies House is beginning to roll out mandatory identity verification. This is part of wider reforms introduced by the...

Company changes you must report

by admin | May 29, 2025 | Corporate Governance & Regulation | 0 comments

Certain company changes—like a new registered address, email, or director—must be reported to Companies House promptly. Failure to update records risks penalties and non-compliance with UK company law. These include the following: Updating the...
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