Modernising corporate reporting

This consultation sets out the government’s proposals to modernise the UK’s corporate reporting framework, with the objective of supporting economic growth and strengthening the UK’s international competitiveness.

The consultation explores how reporting obligations could be simplified and made more proportionate by:

• clarifying the purpose of corporate reporting
• rationalising thresholds and exemptions
• reducing unnecessary or duplicative requirements

Proposals include changes to:

• the corporate reporting framework
• financial reporting
• non‑financial reporting
• corporate governance
• remuneration reporting

It also includes reforms to support greater use of digital reporting and communications.

This consultation forms part of a wider programme to reduce administrative burdens on business. It invites views on how to deliver a simpler, more coherent and future‑focused reporting framework that is fit for businesses of all sizes. It is open to:

• companies
• investors
• creditors
• other stakeholders