The requirement to keep a register of people with significant control, or ‘PSC register’, was introduced on 6th April 2016. Since that date, all UK private limited companies, limited liability partnerships (LLPs) and Societas Europaea (SEs) are legally required to maintain a statutory register with information about the people who have significant control or influence

In the context of limited company formation, the term ‘active’ has different meanings for Companies House and HMRC. When a new company is incorporated at Companies House, it immediately becomes ‘active’ in the sense that it comes into existence as a separate legal entity and is ready to start trading at the owner’s earliest convenience. A