Small Business, Enterprise and Employment Act 2015
The reason for the Small Business, Enterprise and Employment Act 2015 is primarily to simply the filing regime for all businesses. It stems from a major business initiative of the prevous Government, the ‘Red Tape Challenge’ where a raft of regulations were considered to determine whether they could be repealed or improved in some way. As a result, a number of changes to the filing regime were included in the Act, aiming to not only reduce the administrative compliance burden, particularly for smaller companies, but improve the integrity of the information on the public register.
It also introduced a move away from filing annual returns on a set date every year, to making a Confirmation Statement at least once every 12 months instead under s92 of the Act (duty to deliver confirmation statement instead of annual return) which is a substitution for Part 24 of the Companies Act 2006 (annual confirmation of accuracy of information on register). Statutory registers can also be maintained at Companies House rather than at the registered office of the company in order to remove the element of duplicate filing for companies that take advantage of this new option.
The improvement of dispute processes will mean it is easier for individuals whose names or addresses are used to establish companies without their authority to have these details removed from the register.