TaxCalc Blog
News and events from TaxCalc
Articles containing the tag "Anti Money Laundering"

Big changes at Companies House as mandatory ID checks loom
Stay ahead of significant compliance changes with Companies House’s new identity verification (IDV) regime, set to take effect from 18th November 2025.
From this date, all new and existing company directors, LLP members, and Persons with Significant Control (PSCs) must complete mandatory ID checks—redefining onboarding and ongoing compliance requirements. Whether you’re an accountant, ACSP, or company administrator, understanding your new responsibilities is critical: registration, record keeping, and helping clients navigate this new process will become essential parts of your workflow.
Discover what’s required, the methods available for ID verification, and how to prepare your practice to meet government standards. Plus, find out how TaxCalc can help you embrace these changes, streamline verification and maintain your compliance edge.
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TaxCalc News January
Leaving the EU
The UK is leaving the European Union on 31 January 2020.
Following the General Election on 12 December 2019, the UK Government is implementing the Prime Minister’s Withdrawal Agreement meaning the UK can leave the European Union on 31 January 2020.
Our ‘No Deal’ provisions, including changes to Companies House forms and EC Sales list filing will not be implemented on 31 January 2020; however, they may at a later stage, once government have finalised details. In the meantime, we will continue to monitor the Government's negotiations with the EU and consider potential impacts at the end of the implementation period.
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Anti-money laundering sneaks itself on hectic January tax season
For a lot of accountants, January is not the best time to think of anything else other than tax. As you tuck in to SA return after SA return you may or may not have noticed that following a consultation back in June 2019 the money laundering and terrorist financing (amendment) regulations 2019 (MLRs) came into force on 10 January 2020, updating existing regulations.
Here is a brief summary of some of the key changes within the 2019 regulations.
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