Simon and Ross discuss the recent announcement from Companies House regarding new transparency requirements. From 1st April 2027, all limited companies, including small and micro-entities, will be required to disclose a headline version of their Profit and Loss Account on the public record. This move represents a return to earlier reporting standards and is aimed at enhancing corporate transparency.
It’s important to note that these changes do not apply to sole traders, and they do not affect existing tax laws or tax planning strategies. However, they will result in more of your company’s financial data being accessible to the public.
While the implementation date has been set, there may still be lobbying for exemptions or revisions, and delays are possible. We’ll continue to monitor developments and keep you informed.
Despite the upcoming increase in financial visibility, operating as a limited company remains a highly effective structure for tax optimisation.