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Written question asked by Lloyd Hatton (Labour) on Thursday, 9 July 2026, in the House of Commons. It was due for an answer on Tuesday, 14 July 2026 (named day). It was answered by Blair McDougall (Labour) on Tuesday, 14 July 2026 on behalf of the Department for Business and Trade.

Small Businesses: Accountancy

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.

Answer

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.

Secondary information

Type
Written question
Reference
17567
Session
2026-27
Subjects
Accountancy Public consultation Small businesses
Link
View this Written question on www.parliament.uk