Companies House regime faces major overhaul

Released 05 May 2019

The Government is planning a major overhaul to the working model and approach to Companies House.

The Government has set out its plans for a major overhaul of the Companies House regime, in a bid to increase the transparency in UK business, and in an attempt to reduce economic crime.

The 80-page consultation paper sets out a series of reforms to limit the risk of misuse under four headings of:

increased information about who is setting up, managing an controlling companies;

improving the accuracy and usability of data on the companies register;

protecting personal information on the register; and

ensuring compliance, sharing intelligence and other measures to deter abuse of corporate entities.

The consultation closes on 5th August 2019. For more information, you can read the full story on Accountancy Daily.

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