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Companies House Accounts Reforms
09 June 2026
Type
Written Ministerial Statement
Department
Department for Business and Trade
TAGS
At a Glance
Issue Summary
The statement addresses reforms to company reporting requirements under the Economic Crime and Corporate Transparency Act (ECCTA) 2023, including changes to Directors' Reports and profit and loss accounts filing.
Action Requested
The government plans to proceed with requiring small companies and micro-entities to file profit and loss accounts but allows them to opt out of publication. The reforms will be delayed by one year from April 2027 to April 2028, and iXBRL format for accounts filing will be mandated from April 2028.
Key Facts
- ECCTA 2023 included measures to reform company reporting.
- Reforms include requiring small companies to file Directors' Reports but this requirement is being removed.
- Companies can opt out of publishing profit and loss accounts on the public register starting April 2028.
- Implementation delayed from April 2027 to April 2028.
- iXBRL format for accounts filing will be mandated from April 2028.
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