Margaret Hodge – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy

The below Parliamentary question was asked by Margaret Hodge on 2016-10-07.

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the register of persons with significant control, how many companies have registered a shell company in an offshore tax haven as the persons with significant control of that company since 6 April 2016.

Margot James

Companies House does not hold figures on the number of companies that have registered a shell company in an offshore tax haven as their PSC. Companies can legitimately register a company as their PSC if that company meets the conditions of control, is the first legal entity in a company’s ownership chain and they are subject to their own disclosure requirements.

A full explanation of the rules can be found in BEIS guidance.

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