How cutting corporate reporting red tape could help businesses focus on growth
In September 2026, the government announced plans to cut the administrative burden on businesses, freeing them to focus on growth. Its proposals to simplify corporate reporting, including lighter-touch requirements for SMEs and wider audit exemptions, could save businesses more than £450 million a year.
With some companies’ statutory annual reports and accounts now averaging 98,000 words, the reforms reflect a broader push towards more proportionate reporting and less unnecessary administration.
Director of Global Corporate Affairs and Strategic Initiatives at Intuit.
For business leaders, however, simpler reporting should not mean weaker financial discipline. Reducing what a company is required to report is not the same as reducing what it needs to know.
In fact, this is where the bigger opportunity lies. The debate about reporting reform tends to focus on the burden removed: fewer requirements, less paperwork and lower costs. But its value should also be measured by what businesses...
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