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Episode 8 of the bitesize series covers the Economic Crime (Transparency and Enforcement) Act 2022, and the upcoming deadline of 31 January 2023 to register overseas entities on the new Register of Overseas Entities at Companies House. Sarah Faull and Gareth Wynne discuss how the Economic Crime (Transparency and Enforcement) Act 2022 will affect all overseas entities who own or are looking to own qualifying real estate in the UK. Failure to comply can result in financial or even criminal penalties so it is important that entities are made aware and start the registration process sooner rather than later.
By Travers SmithEpisode 8 of the bitesize series covers the Economic Crime (Transparency and Enforcement) Act 2022, and the upcoming deadline of 31 January 2023 to register overseas entities on the new Register of Overseas Entities at Companies House. Sarah Faull and Gareth Wynne discuss how the Economic Crime (Transparency and Enforcement) Act 2022 will affect all overseas entities who own or are looking to own qualifying real estate in the UK. Failure to comply can result in financial or even criminal penalties so it is important that entities are made aware and start the registration process sooner rather than later.