What's Happening?
Companies House is set to require all business directors and individuals with significant control to verify their identity using the GOV.UK One Login system starting November 18. This new system aims to enhance
security and consistency in accessing Companies House services. The requirement applies to newly appointed directors and will extend to existing directors over the next year. For those unable to use One Login, identity verification can be done through an Authorised Corporate Service Provider, such as accountants or solicitors. The government is also exploring additional options to support individuals who face challenges with the standard verification process.
Why It's Important?
The introduction of the GOV.UK One Login system is significant as it aims to streamline and secure the process of accessing Companies House services. This move is expected to provide greater assurance about the management and control of companies in the UK, potentially reducing fraudulent activities. The system's implementation could impact businesses of all sizes, requiring them to adapt to new verification processes. It also highlights the government's focus on digital transformation and security in business operations, which could influence similar initiatives in other sectors.
What's Next?
As the November 18 deadline approaches, Companies House will continue to develop alternative options for those unable to use the One Login system. Further guidance will be issued, and support will be available through helplines and email. The government may also introduce additional measures to ensure a smooth transition for all stakeholders involved. Businesses will need to prepare for these changes and ensure compliance with the new verification requirements.
