24/09/2026
๐ The Government is reviewing the UK's corporate reporting system, with proposals designed to simplify some of the requirements placed on businesses.
Among the changes being considered are simpler company size thresholds and exemptions, more focused annual reports, fewer unnecessary or duplicated disclosures, and greater use of digital reporting.
The Government also wants reporting requirements to be more proportionate, taking into account factors such as a company's size, ownership structure and economic impact.
Importantly, these are proposals rather than new rules. Businesses still need to meet all of the reporting requirements that currently apply to them.
The consultation forms part of a wider programme of corporate reporting reform, and we'll keep clients updated as the proposals develop and explain what any eventual changes mean in practice.