Corporate transparency and register reform - CIOT response

By Technical Team on 02 Aug 2019

The Chartered Institute of Taxation (CIOT) has responded to some of the proposals in the Department for Business, Energy and Industrial Strategy’s (BEIS) consultation document ‘Corporate Transparency and Register Reform - Consultation on options to enhance the role of Companies House and increase the transparency of UK corporate entities’ which was published on 5 May 2019.

The CIOT commentend on these proposals in the context of:

  1. it being an anti-money laundering (AML) supervisor; and
  2. where there may be a tax perspective. Overall, we do not think that the proposals in this consultation have any direct tax implications, but we make a few broad points from a tax perspective.

Our submission is available to view here and the consultation document here.

Technical Team