A new service has been launched that allows individuals to verify their identity
directly with Companies House through GOV.UK.
The introduction of identity verification is one of the key changes to company
law as part of the Economic Crime and Corporate Transparency Act 2023. Companies
House has landmark new and enhanced powers to combat economic crime and boost
economic growth.
More than six million people will be required to comply in the 12 months after
identity verification becomes a legal requirement later this year. According to
Companies House, identity verification will provide more assurance about who is
setting up, running, owning and controlling companies in the UK.
Louise Smyth, CEO of Companies House, said: 'Identity verification will play
a key role in improving the quality and reliability of our data and tackling
misuse of the companies register.
'To save time later, we encourage directors, people with significant control
of companies (PSCs) and those filing information with Companies House to
verify their identity during the voluntary window.
'We expect identity verification to become mandatory from Autumn 2025.'
Internet link: GOV.UK