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Disclaimer: This is not legal advice. Legislation and case law change. Always consult a qualified solicitor for your specific situation.

UK Law Reference
All sections of Economic Crime and Corporate Transparency Act 2023
2023 c. 56, s.57

Section 57 — Statements about exemption from audit requirements

Extent: E+W+S+N.I.

This version in force from 2023-10-26

Snapshot: 2026-08-24

Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .

In section 475 of the Companies Act 2006 (requirement for audited accounts), for subsection (2) substitute— (2) A company is not entitled to any such exemption unless its balance sheet contains a statement by the directors— (a) identifying the exemption in question, and (b) confirming that the company qualifies for the exemption.