Corporate Transparency and Register Reform: Consultation on improving the quality and value of financial information on the UK companies register

In 2019, the Government consulted on a range of options to enhance the role of Companies House, increase the transparency of corporate entities and help combat economic crime. On 18 September 2020, the Government published a response to the Corporate Transparency and Register Reform Consultation. It set out a broad package of reforms to Companies House to ensure it is fit for the future and continues to make a valuable contribution to the UK’s business environment. The proposed reforms are also designed to give Companies House a more effective role in assisting the Government’s wider efforts to tackle economic crime affecting the UK by improving the integrity of the information available about companies and other business entities. The Government response also noted that we would consult further on certain aspects of the reform package: on the detailed scope of the new querying power and how it will work in practice; and on further improvements to the fina