Home / Sources / Select Committees / Public Accounts Committee / BEIS Annual Report & Accounts 2021-22
Index live · Last sync 23 May 2026
Select Committee · Public Accounts Committee

BEIS Annual Report & Accounts 2021-22

Status: Closed Opened: 8 Nov 2022 Closed: 27 Jun 2023 6 recommendations 18 conclusions 1 report

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 as the Bounce Back loans …

Clear

Reports

1 report
Title HC No. Published Items Response
Forty-Fifth Report - Department for Business, Energy & Indu… HC 1254 26 Apr 2023 24 Responded

Recommendations & Conclusions

2 items
6 Recommendation Forty-Fifth Report - Department for Bus… Rejected

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 international trends and entrepreneurial activity. However, false statements, fake entries, …

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, …
HM Treasury
21 Conclusion Forty-Fifth Report - Department for Bus… Rejected

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 prosecutions or convictions made under these existing powers.44 The Department …

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 …
HM Treasury

Correspondence

3 letters
DateDirectionTitle
23 Jan 2023 — Correspondence from Sarah Munby, Permanent Under-Secretary of State, re update …
22 Nov 2022 — Correspondence from Sarah Munby, Permanent Under-Secretary of State, Department…
22 Nov 2022 — Correspondence from Sarah Munby, Permanent Under-Secretary of State, Department…