Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether he plans to review the requirement for small businesses to file profits and losses with Companies House.

The Department for Business and Trade is currently engaging with stakeholders on proposed changes in filing requirements at Companies House, to ensure they strike the right balance between tackling economic crime and avoiding undue burden on business. As part of this we are considering stakeholder views on the requirement for small and micro entities to file profit and loss accounts. We will set out next steps in due course.