Keytime prepares for Brexit with software updates

With the Brexit saga rumbling on and a no-deal outcome still a possibility at some stage, you may be wondering what action Keytime is taking to be ready.

A new deadline looms after the EU accepted the UK request for an extension to 31 January 2020.

In our Q and A below, we explain what Keytime has been doing, and continues to do, to prepare to ensure customers will not be negatively affected by whatever happens next.

Is Keytime prepared for all the different Brexit outcomes?

Yes. No matter what happens, we will aim to adapt and serve our customers appropriately. Whether we leave with or without a deal, Brexit is again delayed, or indeed never happens, we will strive to ensure Keytime software is compatible with the outcome.

What measures has Keytime taken to prepare for Brexit?

At Keytime, we’ve been working diligently to ensure that we have all bases covered. Our initial preparations have been focused on solutions our accountancy customers use, including Keytime Company Secretarial and the potential ramifications for Companies House and surrounding legislation. We are working very closely  with Companies House so there’s no delays in filing forms.

What is Keytime doing to prepare for a no-deal Brexit?

The Keytime team diligently prepared for a no-deal Brexit in early 2019 – when the possibility of it happening on 31 March was still very strong – by making various changes to our software.

We have since built upon these enhancements to produce an even more comprehensive update to our accountancy software for the eventuality of a no-deal scenario occurring, and forthcoming releases will reflect that.

What is the position with Keytime Company Secretarial?

In the event the UK leaves the EU without a deal, a number of Companies House forms will no longer be deemed compliant. In this instance, if those existing forms are filed electronically through Keytime Company Secretarial, they will be rejected by Companies House. Corrected versions of the forms and updates to the various electronic schemas that support on-line filing through the software have all been updated and included in updates we have issued throughout the year.  

In the event that the UK does leave the EU without a deal, these changes will be automatically triggered; all you need to do is ensure you have the latest version of the software. Rest assured, we will be sending email alerts with full details should these changes become necessary.

What is Keytime doing about changes to Companies House forms?

We have made updates to the software to reflect the potential changes that would occur in a no-deal scenario. This includes amending Companies House forms and the electronic submissions of these to prevent rejections in a future no-deal scenario. 

For more updates on Brexit, follow our blog.  You can also subscribe to the Government’s Brexit news alerts here: