Community Interest Companies: Electronic Government
The question
To ask the Secretary of State for Business and Trade, whether his Department has made an assessment of the potential impact of mandatory digital filing requirements on Community Interest Companies (CICs); and what steps he is taking to support CICs to (a) file annual accounts in iXBRL format using compliant software and (b) comply with director identity verification.
Answered by Blair McDougall
CICs file accounts to Companies House in the same way as other companies. The Economic Crime and Corporate Transparency Act 2023 Impact Assessment assesses impacts of removing paper accounts filing. We are reviewing our proposed changes in filing requirements at Companies House, to ensure they strike the right balance between tackling economic crime and avoiding undue burden on business.
Identity verification is designed to be straightforward. Individuals can verify digitally through One Login, via an Authorised Corporate Service Provider, or in-person at the Post Office. Companies House contact centre is available for users requiring assistance.
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