From the Institute's Professional Accounting team ....
In December 2024 the UK Government laid legislation, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 before Parliament to increase the monetary size thresholds for micro, small and medium-sized entities. It also removes certain requirements from the Directors’ Report.
The new monetary size threshold changes are effective from 6 April 2025.
Please also click to read the explanatory memorandum to the legislation for further insight into the changes.
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