{"id":6467,"date":"2019-08-21T09:15:33","date_gmt":"2019-08-21T08:15:33","guid":{"rendered":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/?p=6467"},"modified":"2024-05-01T01:08:55","modified_gmt":"2024-05-01T00:08:55","slug":"how-to-register-a-psc-for-a-company","status":"publish","type":"post","link":"https:\/\/www.qualitycompanyformations.co.uk\/blog\/how-to-register-a-psc-for-a-company\/","title":{"rendered":"How to register a PSC for a company"},"content":{"rendered":"
\n Last updated: 1 May 2024<\/strong>\n <\/div>\n \n

Since 6 April 2016, all companies registered in the UK are required to provide details of every person who has significant influence or control over the business. Such individuals are referred to as \u2018People with Significant Control’, \u2019PSCs\u2019, or \u2018beneficial owners\u2019. Information about PSCs must be registered at Companies House during the incorporation process. After company formation, you can register a PSC online or by post using the relevant Companies House form.<\/p>\n

Almost all information relating to PSCs will be disclosed to the public on the central register at Companies House<\/a>. Companies must also maintain a Register of People with Significant Control, or \u2018PSC register\u2019 at their registered office, SAIL address<\/a>, or at Companies House – whichever location they choose to keep their statutory records. The PSC register should be kept up-to-date at all times and made available for public inspection upon request.<\/p>\n

The PSC register was introduced as part of the Small Business, Enterprise & Employment Act 2015<\/a> to establish greater corporate transparency, tackle economic crime, and facilitate the exchange of information. These measures should deliver real benefits to the nation\u2019s economy and further strengthen confidence in the UK as a safe place to do business. The UK is the first country in the G20 to introduce a publicly accessible register of the beneficial ownership of companies.<\/p>\n

Register a PSC online<\/h3>\n

To register a PSC when setting up a new company, you will be asked to provide their details on the company formation application form. If you need to register a PSC after incorporation, or your company was formed before PSC requirements came into effect on 6 April 2016, you must provide PSC information to Companies House as soon as possible.<\/p>\n

You can file PSC details at Companies House online, or by post, using form PSC01<\/a> (for individual \u2018natural person\u2019 PSCs) or you can notify Companies House of a corporate entity as an RLE using form PSC02 (for Registrable Legal Entities). Online filing is by far the quickest and easiest way to provide information to Companies House.<\/p>\n 5 things you need to form a limited company<\/span><\/a>\n \n

It is also possible to file these Companies House forms free of charge through Quality Company Formation\u2019s Online Company Manager<\/a>. This facility is available to all of our existing clients, as well as non clients who have never used our services. Our Online Company Manager can also be used to report other changes to your company, file confirmation statements, and view important company details.<\/p>\n

All of our company formation packages, with the exception of the Basic Package, provide first company registers, including the Register of People with Significant Control. For peace of mind, we also offer a PSC filing service, which costs \u00a319.99 plus VAT per notification. For further information, please contact our Company Secretarial Team on 020 3984 5389.<\/p>\n

What PSC information is required?<\/h3>\n

Once you have identified all PSCs in your company, you should confirm certain details with them, record their information in your statutory PSC register, and provide their details to Companies House.<\/p>\n

Register an individual (natural person) PSC<\/h4>\n

The required details for an individual PSC are:<\/p>\n