Companies House reviews its fees annually to make sure they are set at the right level to cover their costs. It operates on a cost recovery basis – the fees that it charges can only be used to cover the cost of delivering the service or function being charged for.
Through the Economic Crime and Corporate Transparency Act 2023, the government has expanded the fee-raising powers of the Secretary of State to enable the cost of investigative and enforcement activities that promote the integrity of the register, maintain a healthy business environment, and combat economic crime, to be met through fees. This applies when setting the level of fees to be charged at incorporation and at annual filing of the confirmation statement. The funds generated will be used by Companies House and the Insolvency Service to fund their work on investigation, intelligence and enforcement of anti-money laundering and economic crime prevention.
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