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Corporate Insolvency and Governance Act 2020

Corporate Insolvency and Governance Act 2020

How will measures introduced by the Corporate Insolvency and Governance Act will affect your filings at Companies House?

On 25 June 2020, the Corporate Insolvency and Governance Act 2020 (the Act) received royal assent. It came into force on 26 June 2020.

The measures introduced by the Act are to relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate.

Accounts

Companies and other types of business registered at Companies House will get more time to file account, under the act.

If your company is eligible, you’ll be updated with your filing deadline automatically. You do not need to apply for an extension.

There are changes for public companies with a filing deadline between 26 March 2020 and 29 September 2020.

If you require any help on understanding the act, whether you are eligible for a filing extension, or with calculating and filing your accounts, please call us here at The Hollies on 01743 790086.