Small Businesses: Accountancy
The question
To ask the Secretary of State for Business and Trade, which stakeholders his Department consulted on changes to accounts for small companies and micro-entities.
Answered by Blair McDougall
In July 2025, the Companies House accounts reforms were put under review to ensure that they struck the right balance between tackling economic crime and avoiding undue business burden. During this review, Government officials consulted Business Representative Organisations, accountancy bodies and transparency groups.
This included the Federation of Small Businesses, Institute of Directors, British Chambers of Commerce, Startup Coalition, UK Private Capital, the Bank of England, the Institute of Chartered Accountants in England and Wales, Transparency International UK and the Business Information Providers Association.
The Government announced its updated position on 9 June 2026.
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