Smarter regulation non-financial reporting review: call for evidence
Read the full outcome
Detail of outcome
The Department for Business and Trade (DBT) received 160 responses to the call for evidence. This document summarises the responses received.
Original call for evidence
Call for evidence description
The Department for Business and Trade (DBT), working with the (FRC), the UK regulator for corporate reporting, is conducting a review of the non-financial reporting requirements UK companies need to comply with to produce their annual report.
This builds on the which set out how the government would improve regulation across the board to reduce burdens and drive economic growth now that the UK has left the European Union.
Our departure from the EU allows us to shape rules and processes so that they work for the UK鈥檚 specific circumstances, including for non-financial reporting.
The review will also consider if current company size thresholds (micro, small, medium and large) that determine certain non-financial reporting requirements, and the preparation and filing of accounts with Companies House, remain appropriate.
This call for evidence is the first stage of the review process.