In an attempt to tackle economic crime and enhance corporate transparency within the UK, the Economic Crime and Corporate Transparency Act 2023 has introduced new identity verification requirements for third parties and individuals filing documents with Companies House.
The new requirements stipulate that anyone filing documents with Companies House must either:
a. have their identity verified; or
b. be registered as an authorised corporate service provider (ACSP).
Individual verification
Individuals submitting documents with Companies House will be required to verify their identity either online, in person at a Post Office, or by using an ACSP. This applies to individuals such as directors, persons with significant control (PSCs), Companies House authorised agents, and any other individuals who file documents for a company.
Since 8 April 2025, individuals have been able to voluntarily verify their identity, providing the opportunity to complete the process ahead of the mandatory requirements being imposed. Failure to do so, when required, will prevent them from being able to file documents with Companies House.
Identity verification is expected to become mandatory in Autumn 2025, with further details to be provided as the date approaches. It is anticipated that this will commence a 12-month verification period whereby directors and PSCs must verify their identity when the company’s confirmation statement is due.
Individuals wishing to register should check when their confirmation statement is due to ensure compliance. It is prudent for directors and PSCs to consider verifying their identity voluntarily to ensure they do not lose access when requirements become mandatory.
Verification through an ACSP
Companies are now able to verify their identity through an ACSP. This enables third parties, such as solicitors and accountants, to upload documents to Companies House on behalf of a company. Accordingly, anti-money laundering registered entities are now able to register to become an ACSP, so that they can offer identity verification services to their clients.
Consequences of non-compliance
Non-compliance with the identity verification requirements may result in:
- being unable to file documents with Companies House;
- an inability to incorporate new companies or register as an ACSP;
- financial penalties for individuals and companies; and
- potential disqualification of directors who fail to comply.
To ensure continuity and compliance, affected individuals should verify their identity as soon as possible, or consider using an ASCP.
Get ahead of the game now and look at what you need to do before it becomes compulsory in the Autumn here.
Disclaimer
This information is intended for general informational purposes only and does not constitute legal advice. We recommend seeking professional advice before taking any action on the information provided. If you would like to discuss your specific circumstances, please feel free to contact us on 0800 2800 421.
