B

Baroness Kramer (LD)

Speaking in the House of Lords on 8 July 2025

Debate

Companies House: Filing of Annual Accounts by Small Companies

Contribution

My Lords, perhaps the Minister can help me, because I have become very confused. Like the noble Lord, Lord Sikka, I understand from the Financial Times and others that the Government have decided to shelve the reforms in filing for small companies, even though most of those companies have upgraded their software already in order to meet the requirements of Making Tax Digital, so there is very little additional cost to a proper filing. Could he explain that, and also pick up on the pt made by the noble Lord, Lord Sikka, which is that there is broad evidence now that organised crime is increasingly using tools such as AI so that it can front various scams and sanctions-busting by using small companies?

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