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Filing accounts all change

With significant changes for filing of accounts on the horizon, Sally Baker highlights the key proposals

With the UK companies register being accessed 9.4 billion times a year, and theFiling accounts value of Companies House data to users estimated to be £1-£3bn a year, trust in the information is of great importance to underpin the strength of the UK’s business environment.  

Following its 2019 consultation on Corporate Transparency and Register Reform, the Department for Business, Energy and Industrial Strategy recently issued three further consultations to take forward its plans to reform the role of Companies House and increase the transparency of UK companies. This article highlights the proposals contained in the consultation Improving the Quality and Value of Financial Information on the UK Companies Register, and summarises ICAEW’s response.