The Companies Act 2006 small company size thresholds for balance sheet and turnover have been increased by almost 50% to £7.5m and £15m respectively with effect from April 2025. This threshold determines audit and reporting requirements, but also whether companies qualify for the more favourable rules for off payroll working which apply when engaging contractors. So, this means that more charities will fall into the small company regime which should reduce their compliance burden and risk in this area.