Upcoming Change – Effective from 1 January 2026

This change does not apply to accounts covering a financial year that begins before 1 January 2026.

The Scottish Government has amended the regulations so that for accounting periods beginning on or after 1 January 2026:

• The audit income threshold will increase from £500,000 to £1,000,000.
• Charities with income under £1 million will generally no longer require an audit, but will instead require an independent examination.

You can find the full legislation at the link below:
https://www.legislation.gov.uk/ssi/2025/341/