20 May 2025
In February, we put out an update on the changing of rules around company sizes which will impact the operation of off-payroll working rules. The article can be read here.
To clarify, the rules will apply to new financial years starting after April 2025 and, as per the rules, you look at the last full financial years data to determine if they apply. Therefore, the new rules will apply in the next full financial year following the financial year that started on or after 6 April 2025.
The new rules do not need to be considered until April 2026 at the earliest.
Further reading can be found below:
- The Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024
- Update on changes to the company size thresholds and the audit threshold - ICAS
- Companies Act 2006 size limits increase confirmed | RSM UK
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