Companies House has issued a guidance to prepare UK companies in the event of brexit with no deal scenario. Of course, we are all desire the best deal scenario that is UK would leave EU with a deal. Deal or no deal on Brexit, we all recognize that UK government is moving the country forward independently which is a great move. We have great confidence that UK will roar with deal or no deal. We can do it!
Deal or no deal?
Brexit may have created uncertainty. With deal or no deal, this will soon pass. We, human beings can adapt to changes fairly quickly. If we can adapt then your business can adapt too because you are the one driving your business forward.
Changes affect companies on Brexit
Companies House has issued a guidance for businesses that may require to change its legal status in the event of Brexit with no deal scenario.
At the moment, according to the guidance, businesses that may be affected are as follows.
- A European entity formed under EU Law
- A UK company with an EEA corporate officer
- A UK company involved in a cross border merger
- A EEA company
The guidance outlined what is going to happen to the businesses fall under the categories mentioned above. Thus, it is worth reading the guidance to find out what you would need to prepare and how you are going to do it on Brexit. In addition, the guidance also outlined what is going to happen if you do nothing about it.
Changes to Companies House forms
Companies House forms will change in the event of Brexit with no deal. For this purpose, Companies House has also issued a guidance on what forms changes on Brexit. For easy reference, the guidance categorized the forms into the following.
- Corporate officers
- Societas Europaea (SE)
- European Economic Interest Grouping (EEIG)
- Confirmation statement
- Cross border mergers
- Overseas companies
- Discontinued forms after Brexit.