Steve O’Neill on behalf of BTC is a Registered Agent for the registration process of overseas entities.
Action required prior to application for registration
Identification of registrable beneficial owners -Before making an application to register, an overseas entity must take reasonable steps to identify its registrable beneficial owner and obtain the required information. The steps that an overseas entity must take include giving an information notice to a person it knows, or has reasonable cause to believe, is a registrable beneficial owner. Continue reading “Registration of Overseas Entities on the UK Register of Overseas Entities”
Important Service Update
We are required to inform you of this service upgrade.
The Smart Search platform upgrade is coming soon!
In response to feedback, and as part of their commitment to continuous improvement, SmartSearch is pleased to announce that we will shortly be upgrading your platform. Continue reading “Smart Search platform upgrade”
For company formations and filings if the orders do not contain any further printed elements being despatched, we will not produce an invoice only for posting but will rely on the PDF generated version being given to your accounts department.
This brings these products into line with our invoicing policy for our company secretarial anti-money laundering products. This change will come into effect from 1 June 2022.
Tax Fraud Investigations
HMRC has confirmed it is investigating 153 suspected ‘enablers of tax evasion’, including both regulated and unregulated tax advisers.
Cracking down on ‘enablers of tax evasion’ has been a key area of focus for HMRC since it established its Fraud Investigation Service in 2015. Continue reading “HMRC probes 153 people suspected of aiding tax evasion”
Same Day Incorporations
Companies House Update: Same day services are being re-instated for incorporations and name changes as of Thursday 22nd April. Note that the cut-off time will be 11am, and all same day submissions received after 11am will be processed on the following working day.
The same day option is available by ticking the same day option at the beginning of your order.
End of the Memorandum of Association
We are excited about what 2021 has in store for eFiling, our company incorporation software and we will share more information over the coming months. Their current attention focuses on the next Companies House update. As of April 2021, Companies House will no longer accept a Memorandum of Association which means an end to the Memorandum and Articles document within eFiling as we know it today.
The software suppler has been working closely with Companies House to ensure another smooth transition and we will share more details regarding this update, and the migration of the Memorandum and Articles document, in February. This does mean that those who upload their own documents or use their own default for incorporation those documents will have to be amended after this date for future submissions.
From all at Business Tax Centre
May we thank you for your continued support throughout 2020, a tough year for all.
Our offices will be closed from Wednesday 23rd December for the festive season, we will reopen on Monday 4th January 2020.
During this period our online systems will still be available for all your company incorporations and Anti-money laundering filing requirements. We will also operate a limited email support service for urgent enquiries.
Have a good Christmas and a happy New Year and stay safe, we will see you in 2021.
Introducing the AML Triplecheck
TripleCheck is the only AML solution you will ever need, available on a pay as you go basis for our BTC account holders, contact us for a competitive quote.
TripleCheck is a pioneering new electronic KYC and AML solution that combines three highly sophisticated verification methods. Level one is the identification, verification and screening process; level 2 is Facial Recognition and level 3 is Digital Fraud Checks. Together they are TripleCheck, the most powerful, robust and reliable all-in-one AML platform on the market.
Level 1: Identification and Verification with Sanction and PEP screening
Level 2 of TripleCheck combines Optical Character Recognition (OCR) and the latest biometric facial recognition techniques to provide you with a true picture of your customer.
This highly advanced technology performs an algorithmic check on photo identity documents and then, using a customer Selfie Liveness Video (SLV), uses biometric and liveness detection to compare the ‘real person’ with the document provided to ensure the image and information is genuine.
Level 3 of TripleCheck utilises various Digital Elements (DEs) to create robust and simple to understand fraud risk indicators to deliver an overall risk score. A dashboard provides detailed information to support additional due diligence enabling you to further investigate high-risk events.
The SmartSearch TripleCheck technology then matches the DEs to the individual’s terrestrial address enabling the CRA data, ID Document and SLV imaging to be bound together to create a Composite Digital Identity (CDI).
Click here to view a video on the functionality
To open a AML account just simply contact us to discuss your needs
New Service – Customer Verification Biometric Facial Recognition
Under COVID-19 social distancing rules, many prospective clients are no longer able to present their documents in person, while sending them through the post brings a whole new set of issues. With continuing restrictions on personal in place to stop the spread of coronavirus means firms that rely on paper-based ID checks are facing huge business disruption.
Not only is it now almost impossible to get to a post office under the new rules, but sending physical documents also risks contamination. And with so many people now working from home, there is the added risk associated with sending sensitive personal data to the home addresses of staff. Continue reading “Customer Verification Biometric Facial Recognition”
Given the developing COVID-19 situation and following the advice from Government to work from home where possible and avoid unnecessary travel and social contact, I would like to reassure you and confirm that whether we are in our office or working from home we are able to continue to offer a full service.
We will be available both by phone and email between 9am to 5pm, our company formations and Smart Search AML verification software are online and will continue to function 24 hours a day.
We are of course for company incorporations and filings, in the hands of Companies House for the time to process the actual form, once they have processed the form our email confirmation with PDF copies will be sent to you as normal. For the physical despatch of hard copy documents, we are looking at print sessions at the office once or twice a week if possible.
For mail forwarding for our Registered office service most Companies House documents are received from them by email on a daily basis so we can continue to forward by email as normal. HMRC documents are always received in hard copy by post so we will as with the hard copy despatch try to turn these around at the office again once or twice a week.
We would like to wish you all good health for you and your staff during these difficult times and assure you we will be available to support your business as normal as possible during the coming months.