The Small Business Act – what changes does it bring?October 5, 2015 // No Comments
The Small Business, Enterprise and Employment Act has now received Royal Assent and is expected to be implemented between October 2015 and late 2016.
The Act contains a number of measures which together represent significant change for companies and Companies House customers. The measures that affect companies aim to:
- reduce red tape whilst increasing the quality of information on the public register
- enhance transparency and ensure the UK is seen as a trusted and fair place to do business
All companies will be affected by at least some changes, as the measures will change legal requirements on companies, including what they file with Companies House – which will impact companies’ systems and processes. Read SAIF’s briefing note on the Act here by logging onto the Members’ area of the website.