ECCTA Update: What do I need to know about the new identity verification regime?

In the first of our two-part update on the upcoming changes to be introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA), this article focuses on the new identity verification (IDV) requirements for directors, people with significant control (PSCs) and any other individuals who file documents at Companies House on behalf of UK companies.

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Code of Practice on Distribution of Tips

In previous updates, we outlined that the Employment (Allocation of Tips) Act 2023 (“the Tipping Act”) received Royal Assent in May 2023 and will come into force on 1 October 2024.

In May 2024, the House of Lords approved the Government’s draft Code of Practice on the fair and transparent distribution of tips (“the Code of Practice”).

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