The planned changes to small company filing options, which were due to become mandatory from April 2027, have been delayed.
The Government has not yet published full details and has confirmed that a final decision on the reforms is still pending. It remains unclear whether the new legislation will be withdrawn entirely or deferred to a later date.
While Companies House has not issued a formal statement, it has indicated that the accounts reforms are under review following stakeholder feedback. This review is intended to ensure an appropriate balance between tackling economic crime and avoiding unnecessary burdens on businesses.
The Government has also stated that, should any future changes proceed, companies will be given at least 21 months’ notice to prepare.
What were the planned changes?
The proposed reforms affecting small companies and micro-entities were introduced under the Economic Crime and Corporate Transparency Act as part of a broader effort to enhance corporate transparency.
The changes that are currently delayed include:
- Mandatory digital filing of all accounts at Companies House;
- A requirement for micro-entities to file both their balance sheet and profit and loss account;
- A requirement for small companies to file a balance sheet, directors’ report, auditor’s report (where applicable), and profit and loss account; and
- The removal of the option for companies to prepare and file abridged accounts.
How M+A Partners can help
Our experienced team supports clients in meeting their statutory accounting requirements efficiently and accurately. Drawing on practical experience across a wide range of sectors, we prepare tailored accounts that meet regulatory obligations and are submitted in line with statutory deadlines.
If you have any questions about these changes or would like to discuss your accounting requirements in more detail, please contact your usual M+A Partners adviser or speak with one of our specialists below.
