The Government should significantly increase the costs of company and Limited Liability Partnership incorporation, including Scottish Limited Partnerships, and should review other Companies House fees to bring them closer to international standards. A fee of £100 for company formation would not deter genuine entrepreneurs, and would raise significant additional funding for Companies House and for the fight against economic crime. It would also help compensate for the wider costs on the public...

The Government should significantly increase the costs of company and Limited Liability Partnership incorporation, including Scottish Limited Partnerships, and should review other Companies House fees to bring them closer to international standards. A fee of £100 for company formation would not deter genuine entrepreneurs, and would raise significant additional funding for Companies House and for the fight against economic crime. It would also help compensate for the wider costs on the public sector of large numbers of company formations. Type: recommendation | Number: 54 | Paragraph: 238 | Response status: not_addressed Government response: The government recognises that there is a balance to be struck between setting fees at a level that does not discourage entrepreneurship, whilst also providing a sustainable funding model for Companies House to deliver on its objectives. The government believes the current fees for company formation