Charities now able to file Accounts Online with Companies House

Posted on Wednesday 2nd March, 2016 by

Charities are now able to submit their accounts digitally with Companies House after a successful consultation carried out by the Charity Commission and the Financial Reporting Council.

The consultation was about proposed updates to the charity taxonomy, or classification system, that Companies House uses to identify and analyse pieces of financial data in accounts. The updated taxonomy now meets the requirements of the Charity SORP and financial reporting standard FRS 102, which the Commission claims will make the filing of accounts quicker and easier.

Around 70% of companies already file their accounts online with Companies House, but this was not an option for charities until the new taxonomy was introduced.

Read more about the taxonomy change here

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