Finance and Accountancy Briefing

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Persons with Significant Control (PSC) and Confirmation Statements

Overview

One of the reasons behind the introduction of the PSC register is to improve transparency around who owns and controls UK businesses. This is also a measure to improve the UK’s reputation as a fair place to do business. But who qualifies as a PSC? And what will you have to do differently now that the Confirmation Statement is replacing the Annual Return?

Tags: Accounting, Legislation, Legal Services Act, Financial Management.

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