Guidance

Accounting for EEA organisations after Brexit

How EEA companies and groups with a presence in the UK can comply with UK accounting and reporting requirements after Brexit.

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The UK is leaving the EU. This page tells you how to prepare for Brexit and will be updated if anything changes.

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Operating as an EEA company and group with a presence in the UK

Group accounts

Intermediate UK parent companies with an immediate EEA parent may not be exempt from producing group accounts after the UK leaves the EU. Find out if you need to prepare group accounts and file them with Companies House.

Annual accounts

UK registered dormant companies with EEA parents must file individual annual accounts with Companies House for accounting periods beginning after the UK leaves the EU.

Exemptions

EEA companies with a UK incorporated subsidiary will not be eligible for certain exemptions from preparing and filing accounts after the UK leaves the EU.

Exemption from producing non-financial information statements and alteration of accounting reference dates will be removed for financial periods beginning the day after the UK leaves the EU.

Operating as an EEA public company with UK listing

EU incorporated groups that issue debt or any other securities, which are admitted to trading on a UK market, can continue to use accounts prepared using EU-adopted international accounting standards (IAS) under the UK Transparency Directive (TD) and Prospectus Directive (PD).

Auditing

Auditing EEA companies that issue securities that are admitted to trading on a UK regulated market

Make sure your EEA auditor is registered as either a:

  • statutory auditor in the UK
  • third country auditor on the register maintained by the Financial Reporting Council (FRC)

This will apply for all accounting years beginning on or after the day the UK leaves the EU.

EEA companies audited by UK auditors and firms that are also registered in EEA countries

UK auditors’ and audit firms’ existing registrations as EEA auditors and audit firms may not be valid after the UK leaves the EU. You should check with your auditor.

Accounting for UK companies in the EEA

Find out what you need to do if you’re a UK company operating in the EEA.

Published 24 May 2019
Last updated 17 September 2019 + show all updates
  1. Moved information from the general accounting after Brexit guide. Increased visibility of calls to action.
  2. First published.