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The Guardian - UK
The Guardian - UK
Business
Simon Goodley and Jasper Jolly

Smaller firms to escape ‘burdensome’ Companies House filing rules

Jonathan Reynolds, the business secretary
Jonathan Reynolds, the business secretary, is understood to believe introducing the more demanding rules legislated for by the previous Conservative government would be too onerous. Photograph: Thomas Krych/Zuma Press Wire/Shutterstock

Changes to Companies House rules that would have axed an exemption allowing smaller businesses to file abbreviated accounts have been delayed amid concerns they could burden them with more red tape.

Legislation brought in by the previous Conservative administration is due to compel companies with a turnover under £10.2m, balance sheets under £5.1m and fewer than 50 employees to disclose more detail in their annual accounts from April 2027.

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