Companies House considers charging up to £100 to fund new role fighting flow of dirty money
The fee for registering a company is to rise to as much as £100 as part of a crackdown on economic crime.
Companies House, the corporate register, is considering the increase in charges as a way of funding new responsibilities to tackle illegal activity that it is gaining under laws going through Parliament. Registration fees currently start at just £10.
The agency is poised to receive beefed-up powers and responsibilities that will require it to police the information submitted by companies and directors, ensuring that it is accurate.
It is part of changes proposed by ministers to stem the tide of dirty money flowing into the UK after new scrutiny in the wake of Russia’s invasion of Ukraine.