Section 15 Target for streamlined company registration

(1)

The Secretary of State must secure that, by no later than 31 May 2017, a system for streamlined company registration is in place.

(2)

For the purposes of this section and section 16, a system for streamlined company registration is a system which enables all of the registration information to be delivered by or on behalf of a person who wishes to form a company after 31 May 2017—

(a)

on a single occasion to a single recipient, and

(b)

by electronic means.

(3)

“Registration information” means—

(a)

the documents which must be delivered to the registrar under section 9 of the Companies Act 2006 (registration documents) in respect of the formation of a company;

(b)

the documents or other information which must or may be delivered to Her Majesty's Revenue and Customs in respect of registration of a company for purposes connected with VAT, corporation tax and PAYE.

(4)

In this section—

“company”, “electronic means” and “the registrar” have the same meanings as in the Companies Acts (see sections 1(1), 1168(4) and 1060 of the Companies Act 2006 respectively);
“VAT” means value added tax charged in accordance with the Value Added Tax Act 1994.