Non-financial reporting review: simpler corporate reporting
Read the full outcome
Detail of outcome
The consultation sought views on the proposals affecting medium-sized companies only. These proposals included whether to raise the employee threshold that help determine company size from 250 to 500 employees for medium-sized companies and whether to exempt medium-sized private companies from having to prepare a Strategic Report as part of the annual reports and accounts.
The proposals are not being taken forward at this time but will be considered as part of the government鈥檚 broader non-financial reporting review.
Original consultation
Consultation description
This consultation marks the next phase of the government鈥檚 non-financial reporting review and concentrates on medium-sized companies. It seeks views on raising the employee threshold for medium-sized companies from not more than 250 employees to 500 employees and exempting eligible medium-sized companies from having to produce a Strategic Report.
This is part of the Smarter Regulation programme which aims to improve regulation, reduce burdens and drive economic growth now that the UK has left the European Union.
Documents
Updates to this page
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Page updated with outcome of consultation.
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First published.