In our February 2026 article we reported that Companies House had delayed the implementation of requirements related to identity verification and accounts. Companies House latest amendments to its Economic Crime and Corporate Transparency Act: outline transition plan for Companies House (the "Plan") reveal significant further delays.
Identity verification and ACSP requirements
One of the key reforms under the Economic Crime and Corporate Transparency Act 2023 is the introduction of compulsory identity verification for those who wish to file documents at Companies House. This requirement, along with the requirement for third party agents filing on behalf of companies to be registered as authorised corporate service providers (also referred to as 'ACSPs'), will now come in no earlier than November 2027. Companies House has stated that it will provide at least six months' notice before these requirements take effect.
For many companies this delay will be welcome. However, companies should not treat the additional time as a reason to defer planning. Identity verification remains a central part of the reforms and will eventually become an integral feature of Companies House compliance.
Changes to company accounts
Changes to the Plan also indicate that a number of reforms relating to annual accounts are not expected to be introduced until April 2028.
The proposed changes include:
- requiring small companies and micro-entities to file profit and loss accounts with Companies House (although there will be an opt out in relation to this information being published on the public register);
- requiring all companies to submit accounts using commercial software;
- removing the option for companies to prepare and file 'abridged accounts';
- requiring a strengthened eligibility statement where a company claims an audit exemption;
- requiring all parts of the accounts and associated reports to be filed together; and
- reducing the number of times a company is allowed to shorten its accounting reference period.
What should companies do now?
Although the implementation dates have moved back, the direction of travel remains unchanged. Companies should continue to monitor developments and consider the practical implications of the forthcoming reforms.
In particular, companies should:
- ensure those who will need to undergo identity verification are aware of the forthcoming requirements;
- engage with any external filing agents regarding their ACSP registration plans;
- review current accounts preparation and filing processes; and
- consider whether existing software and reporting systems will be capable of meeting the new requirements.
The latest announcement provides additional breathing space but does not signal any retreat from the reforms. Companies that use the extended transition period to prepare for the new regime should be better placed to manage the changes when they finally come into force.
If you require any further information, or specific advice, please contact our expert team.
