There is a big change coming for small businesses in the UK: P&L accounts will soon be public!!
From April 2027, it will be a Companies House requirement for even small and micro companies to file a profit and loss account that will be made publicly available on the register.
For many small business owners, this is a significant shift. Until now, you could keep your financial performance private. That option’s going away.
Here’s what else is changing:
- Filing will be software only, paper and web submissions are being phased out
- This is part of a broader effort to improve transparency, detect fraud, and increase trust in UK businesses
- You will have 21 months to adapt. One full accounting year plus 9 months
The goal is clear: reduce misuse of limited disclosure rules and give lenders, suppliers, and partners better visibility when deciding who to work with.
But for founders, freelancers, and small companies who’ve kept their numbers tight to their chest, this will feel like a big adjustment.
If you want to discuss any tax planning, need help with your payroll or self-assessment then please contact us here, by phone on 01293 458311
