Companies House Changes SIC Codes For Annual Returns From 1 October

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Companies House is changing the way in which comapanies describe their business activities and the change will affect all Annual Returns from 1 October 2011.

The change is from the 2003 4-digit SIC (Standard Industrial Classiification) code to the 2007 5-digit version. A quick look at the new list shows that it is not just the old codes with an added zero on the end. Companies will have to check what the up-to-date version is of the code they used to use and make sure the right one is in there. Incorrect information in an Annual Return does offend against the Companies Act and it is better to have it right first time.

Bearing in mind the costs incentives for web filing and the increasing use of PROOF filing it seems likely that the on-line forms will be set up to require the change to be made before filing can be completed.

In the Business Law Team we assist with company secretarial matters regularly and can help with Annual Returns or any other Companies House reporting obligations – to contact the team click here.

Daniel Milnes

About Daniel Milnes

Dan is a Partner and Head of Contracts & Projects. Dan’s blogs cover the areas in which his specialities lie in commercial, regulatory and governance law which cover a broad range of matters dealing with contracts, projects, corporate and group structures, funding and compliance with a range of legal regimes including data protection. This also involves writing and advising on various forms of commercial contracts including joint ventures, development and construction agreements and intellectual property contracts including IT agreements, sponsorships and other rights licensing arrangements.
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