Software-only filing for all company accounts coming in 2027
Companies House has announced that all companies on its register will have to file their accounts using commercial software by 1 April 2027.
This is a big change for companies who currently have to use paper filing processes because they’re filing complex or large company accounts. It also affects anyone who currently uses the webfiling option, because this route will also be closed.
It’s part of Companies House’s efforts to modernise and digitise its filing routes using new powers under the Economic Crime and Corporate Transparency Act.
Companies that do not already file their accounts in digital format are being encouraged to find a suitable software product now. Companies House says most companies can make the change now as commercial software is readily available – it has signpost relevant information on it’s website.
Two other changes are also planned to take effect from 1 April 2027:
Audit exemption – companies claiming an exemption from audit will have to give an enhanced statement on the balance sheet. Directors will need to specify which exemption is being claimed and confirm that the company qualifies for it.
Accounting reference periods – companies wishing to shorten their accounting reference period more than once in five years will need to provide a business reason. There are currently no restrictions on being able to shorten accounting reference periods.