What is a confirmation statement?
25th September 2017
Your business may be familiar with having to provide information to the registrar at least once a year under an annual return.
However, the annual return is a thing of the past after being replaced by the confirmation statement on 30 June 2016.
Similar principles apply but there are some aspects that differ from the annual return.
In this blog post, we outline what the confirmation statement is, the requirements involved and the most recent changes to have been brought in.
What is the confirmation statement?
The confirmation statement serves roughly the same purpose as an annual return as companies provide their most up-to-date information for inclusion on the public register.
However, instead of providing a synopsis of your company’s data on a specific date, you now check and confirm the information already held with Companies House is accurate.
Essentially, this means you will review your data once a year and inform Companies House of any changes.
The first thing to consider when completing your confirmation statement is the information being submitted is accurate and up to date.
The following details should be included in your confirmation statement:
- any updates to shareholders’ information
- any changes to your company’s standard industrial classification (SIC) code
- any amendments to your statement of capital.
Further changes, such as registering a new address, will need to be included on a separate form to be submitted alongside your confirmation statement.
The statement should contain your company’s name, number and confirmation date. The file must also be signed on behalf of the company.
The fee to submit your confirmation statement is £13 when filed online or £40 when sent by post. This fee covers you for a 12-month period.
You can submit as many confirmation statements as you like during this period.
Before you complete your confirmation statement, there are some changes to be aware of.
The most recent change came into effect on 26 June 2017, where information on ‘people with significant control’ (PSC) no longer needs to be included in the confirmation statement.
Instead, you will need to report any changes to your PSC register using forms PSCO1 to PSCO9.
Furthermore, you now have 14 days (previously 28 days) to update your register and another 14 days to send the information to Companies House.
Talk to us
If you have further questions on completing your confirmation statement, talk to one of our team members today.