BEIS Annual Report & Accounts 2021-22
Public Accounts Committee
Closed
Inquiry
The Committee will take evidence from banks which have lent money as part of the Bounce Back Loan Scheme, and afterwards question senior officials at the Department for Business, Energy and Industrial Strategy on their annual report and accounts for 2021-22 , including the performance of COVID support schemes such …
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6
Recommendations
18
Conclusions
1
Report
3
Letters
Activity timeline 5 events
27 Jun
2023
2023
26 Apr
2023
2023
23 Jan
2023
2023
22 Nov
2022
2022
Reports 1 report · click to expand
| Title | HC No. | Published | Items | Response |
|---|---|---|---|---|
| Forty-Fifth Report - Department for Business, Energy & Industria… | HC 1254 | 26 Apr 2023 | 24 | Responded |
Recommendations & Conclusions
2 results
6
Recommendation
Rejected
Forty-Fifth Report - Department fo…
Publish convictions for false declarations to Companies House and actions to identify and prosecute offenders.
Confidence in the Companies Register is undermined by errors and inaccuracies. Companies House, an executive agency of the Department, maintains the Register of Companies for England and Wales. The size of the register is growing, which the Department considers reflects …
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Government Response
The government disagrees with the recommendation, stating that most errors are accidental and corrected before prosecution, and courts are reluctant to sanction compliant parties. It highlights the forthcoming Economic Crime and Corporate Transparency Bill which will reform Companies House's powers, but does not commit to setting out conviction numbers or current prosecution actions.
HM Treasury
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21
Conclusion
Rejected
Forty-Fifth Report - Department fo…
It has been an offence since 2009 to make a false return to Companies House,...
It has been an offence since 2009 to make a false return to Companies House, yet to date there is a record of just one conviction for this offence, in 2018. The Department was unable to confirm the number of …
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Government Response
The government disagrees with the Committee's implied criticism regarding the lack of convictions under existing powers, explaining that most errors are accidental and courts are reluctant to sanction subsequently-compliant offenders. However, it details new powers and reforms under the Economic Crime and Corporate Transparency Bill to strengthen enforcement and combat economic crime.
HM Treasury
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Correspondence 3 letters
23 Jan 2023
Correspondence from Sarah Munby, Permanent Under-Secretary of State, re update Annual Reposts and Accounts, dated 21 December 2022
Parliament page
22 Nov 2022
Correspondence from Sarah Munby, Permanent Under-Secretary of State, Department for Business, Energy & Industrial Strategy (BEIS), re follow up to the first report – BEIS Annual Reports and Accounts 2020-2021 - the First Report of Session 2022–23”, published on 18 May 2022, date 16 November 2022
Parliament page
22 Nov 2022
Correspondence from Sarah Munby, Permanent Under-Secretary of State, Department for Business, Energy & Industrial Strategy (BEIS), re follow up to the first report – BEIS Annual Reports and Accounts 2020-2021, date 16 November 2022
Parliament page