Question to the Department for Business, Energy and Industrial Strategy:

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.

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.