Updates on Corporate, Tax and Charity Law for charitable companies

Over the past six months, a number of regulatory changes are likely to be particularly relevant for charities and charitable companies. The ongoing implementation of the Economic Crime and Corporate Transparency Act has brought a stronger focus on corporate transparency and accountability. Key changes include increased powers for Companies House to challenge and remove inaccurate information, and preparation for new identity verification requirements for company directors and people with significant control. From November 2025, directors and People with Significant Control (PSCs) are now required to verify their identity before they can be appointed or registered, whether via the government’s online portal or via the services of an Authorised Corporate Service Provider (ACSP) such as an accountant or solicitor. Charitable companies should ensure their governance, filings and statutory records are accurate and up to date in anticipation of these reforms becoming fully operational.

There have also been developments affecting the filing of corporation tax returns. While Making Tax Digital for corporation tax has been deferred, HMRC has continued to emphasise improved digital record‑keeping and timely, accurate submissions. Charitable companies remain responsible for filing corporation tax returns where required, even where profits are largely exempt, and should ensure systems and processes are robust.

In addition, several provisions of the Charities Act 2022 have come into force in recent months. These include greater flexibility around fundraising appeals, expanded powers to make ex gratia payments, and simplified rules for paying trustees for providing goods. Together, these changes are intended to reduce administrative burdens while maintaining oversight, and trustees should review policies and delegations to ensure they reflect the new legal framework.

Read about the changes that have been introduced by the Charities Act 2022.

Find out more about completing your company tax return.

Find out more about Offence of ‘failure to prevent fraud’ introduced by ECCT.

If you have any questions, then please feel free to get in touch with Michaela Johns on 023 8046 1256 or email Michaela Johns.