...nonetheless, this is what happened with the Small Business, Enterprise and Employment Act 2015 (“SBEEA 2015”) which received Royal Assent on 26 March 2015.
SBEEA 2015 makes provisions on a surprisingly broad range of issues including:
To make life even more complicated its provisions have been progressively drip-fed into effect since enactment.
The latest tranche of provisions – which include the requirement on UK companies to create a Register of Persons with Significant Control (“PSC’s”) – was brought into effect on 6 April 2016 by the Small Business Enterprise and Employment Act 2015 (Commencement No 3) Regulations 2015. Further elements – such as the requirement to file the information on the PSC Register with Companies House and the replacement of the annual return with the new “confirmation statement” - come into force in June.
SBEEA 2015 also:
As ever, Business Law is a complex and rapidly changing field and it pays to consult a specialist.
I have written a book on Ten Common Mistakes Businesses Make with the Law. To download a free copy of the book go to Martin Reynolds' Book on Business Law. If you would prefer to meet face to face to discuss your business needs call 0118 958 9711 and speak with my assistant Shakira Maynard-Johnson to fix an appointment.
Martin Reynolds - Senior Commercial Solicitor