Companies House has announced significant changes that will affect how businesses across the UK file their annual accounts, starting from 1st April 2027. These updates are part of a wider reform initiative under the Economic Crime and Corporate Transparency Act 2023, aimed at improving data accuracy, reducing fraud, and enhancing transparency within the UK business environment.
If you run a UK company, here’s what you need to know and how to prepare.
📊Key Changes from April 2027
✅ All companies must file annual accounts using software
From 1 April 2027, Companies House will no longer accept paper or web-based submissions for annual accounts. Filing must be done digitally through approved commercial software. If you already use software for filing, no action is required. Otherwise, now is the time to explore suitable solutions.
✅ Profit and Loss Accounts for Small and Micro-Entity Companies
Small and micro-entity companies, which previously benefitted from minimal disclosure requirements, will now need to include basic profit and loss accounts in their filings. This step aims to increase transparency and foster trust in the business community.
✅ Additional Reforms on the Horizon
Further updates, including changes to audit exemptions and accounting reference periods, are also planned. Companies House will provide more details over the coming months.
Note: Other filings, such as confirmation statements and director updates, are not affected by these changes and can continue to be submitted through existing online services
which software is best for my company?
You can use software to file your company accounts with Companies House electronically. Different software products can file different types of accounts. Check what is best for your company type here
Why Are These Changes Happening?
These reforms are designed to modernise the filing process, enhance the reliability of information on the Companies House register, and better protect businesses and the public from economic crime.
🔒 Enhanced Security & Accuracy
Software-based filing reduces errors and formatting issues, speeds up processing times, and offers a more secure submission method compared to traditional paper filings.
💡 Greater Transparency & Trust
Making basic financial information, such as profit and loss accounts, publicly available will improve business credibility, making it easier to access credit and build trust with potential clients, partners, and investors.
🛡️ Combating Fraud and Misuse
The reforms support Companies House’s efforts to detect and prevent fraud, including misuse of minimal disclosure rules to hide money laundering or other illicit activities.
How to Prepare
✔️ If you currently file accounts through an accountant or using software, ensure your provider is aware of the upcoming changes.
✔️ For those still using paper or web filing options, begin transitioning to compliant software well in advance. You will have one full accounting year plus nine months to make the switch — a total of 21 months to prepare.
✔️ Stay informed by following Companies House updates on their Changes to UK company law page, subscribing to newsletters, and consulting your accountant or advisor.
Final Thoughts
These changes represent a positive step towards a more efficient, secure, and transparent UK corporate environment. Businesses that act early to adopt the new filing methods will not only stay compliant but also benefit from smoother processes and enhanced credibility.
If you have questions about how these updates impact your company or need assistance preparing, feel free to reach out. Staying ahead of these changes will ensure your business remains compliant and ready for the future.
💡 Need help preparing for the 2027 Companies House reforms?
Contact us today for guidance on choosing the right software and ensuring your business stays compliant.