Companies House has announced that planned changes to company accounts filing requirements will now come into effect from 1 April 2028, giving organisations additional time to prepare.
The reforms, originally due to be introduced in 2027, form part of wider changes under the Economic Crime and Corporate Transparency Act.
Key changes include:
- Small companies and micro entities will be required to file profit and loss accounts with Companies House.
- All companies will be required to file annual accounts using commercial software in iXBRL format.
- The option to file abridged accounts will be removed.
- Companies claiming audit exemption will need to provide a strengthened eligibility statement.
- All parts of annual accounts and reports will need to be filed together.
- Restrictions will be introduced on shortening accounting reference periods.
Companies House has confirmed that organisations will have one full accounting year, plus nine months, to prepare for the changes.
If your organisation already files accounts using accounting software or through an accountant, you may not need to take any immediate action. However, organisations are encouraged to review the upcoming changes and discuss any implications with their accountant or finance adviser.
Find Out More
Further guidance and information on the reforms is available from Companies House.
