The Government is pressing ahead with accounts submission changes. From1 April 2028 the inclusion of a profit and loss account will be required for small companies and micro-entity submissions BUT, there will be the ability for those companies to “opt out of publication” on the public register. Other notable changes will be the abolition of abridged accounts and the removal of web and paper-based filing systems meaning commercial software will be needed. There are some additional significant changes which will be covered in future posts.
