Written questions, answers and statements

Companies: Ownership

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Question for Department for Business, Energy and Industrial Strategy

UIN 108184, tabled on 17 October 2017

Question

Anneliese Dodds
Labour
Oxford East
Commons

To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress has been made by HM Revenue and Customs to pursue companies that have not registered their beneficial ownership with Companies House; and how much has been collected in fines from such companies.

This answer is the replacement for a previous holding answer.

Answer

Margot James
Conservative
Stourbridge
Commons

Answered on

23 October 2017

Responsibility for pursuing companies that have not filed PSC information rests with Companies House. Over 97% of active companies have filed PSC information.

Compliance is Companies House’s primary aim, rather than prosecution. It is taking action to ensure that all companies on the active register report their PSC information. Where companies do not move to comply, Companies House will consider what further action to take. This could lead to investigations being passed to other enforcement agencies who will consider the allegation made and, where appropriate, conduct a criminal investigation, which could lead to prosecution action.

Answered by

Department for Business, Energy and Industrial Strategy
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