The government has published guidance to help in-scope companies comply with the new obligation to include certain disclosures relating to their payment practices in their annual report for financial years beginning on or after 1 January 2026.
The new requirements, which are set out in The Companies (Directors’ Report) (Payment Reporting) Regulations 2025, are in addition to the existing payment practices reporting regime which was introduced in 2017 (for more information on the existing regime, see our snapshot here and for a summary of the new disclosures to be included in the annual report, see our blog post here).
The guidance covers which companies are in-scope of the new requirements, what needs to be reported and how statistics should be included, as well as including worked examples.
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