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Implementing the non-financial reporting directive

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The Department for Business, Innovation & Skills is consulting until 15 April 2016 on transposing the requirements of the EU non-financial reporting directive into the UK’s reporting framework. The directive applies to large public-interest entities with more than 500 employees. It must be transposed into UK law by 6 December 2016, with a view to having effect for reporting years beginning on or after 1 January 2017.

The government would like to hear views on:

·        the flexibility offered by the directive in allowing companies to meet the new non-financial reporting requirements either in their annual report and accounts or in a separate non-financial statement;

·        possible problems associated with fluctuations in a company’s size causing it to move in and out of the scope of the directive; and

·        a number of topics outside transposition of the directive, including electronic reporting of annual report and accounts.


Issue: 1297
Categories: News , International taxes