Small firms to file accounts with Companies House from 2028

Allowing small companies and micro-entities to opt out of publishing their filed profit and loss accounts addresses concerns from the business and investment community around the privacy and commercial risks for smaller companies of disclosing this information, the government set out in an update yesterday (9 June). The update said that details of how smaller companies can opt out of publication of profit and loss will be confirmed in due course. The government added where a company opts out of publishing its profit and loss accounts, Companies House, law enforcement and HM Revenue an...