Written Question·Department for Business and Trade·UIN 7878

Audit: Standards

Tabled: 8 October 2024
Answered: 14 October 2024
Named Day

Question

Sarah Green

Liberal DemocratChesham and Amersham

To ask the Secretary of State for Business and Trade, if he will make an assessment of the potential impact of planned increases to audit exemption thresholds on rates of tax evasion.

Answer

Justin Madders
The proposal to increase the monetary thresholds for company size are based on findings from a call for evidence on non-financial reporting, which the Department for Business and Trade undertook last year. Most respondents supported amending the qualifyin...

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