A big piece of new legislation that you need to be aware of is that as of April 1, 2016, new Health and Safety rules will take effect. These rules will expose all directors to a potential personal liability for a health and safety breach even if they are not aware of the rules.
The new rules include increased penalties and make directors liable for any failure to take responsibility for health and safety, even a director that is not actively involved in the business.
For example – take a company where a husband and wife are the directors, but the wife never goes near the place of business. Should she still be a director? The bottom line is this; if you are not in any way involved in the company, you are increasing your personal exposure and risk to the penalties of a Health and Safety breach.
If you’re not sure how this could apply to you or if you have any questions regarding this at all, please feel free to give Ezebiz Accountants a call on 07 308 5576