The Local Audit (Major Local Audit) (Amendment) Regulations 2025

Made: 17th July 2025

Laid before Parliament: 21st July 2025

Coming into force: 17th August 2025

The Secretary of State makes these Regulations in exercise of the powers conferred by section 1292(1)(a) of the Companies Act 2006[^f00001] (“the 2006 Act”), and paragraph 13(10)(a) of Schedule 10 to the 2006 Act as it has effect by virtue of paragraph 28(7) of Schedule 5 to the Local Audit and Accountability Act 2014[^f00002].

Citation, commencement and extent

1

• (1) These Regulations may be cited as the Local Audit (Major Local Audit) (Amendment) Regulations 2025 and come into force on 17th August 2025.

• (2) These Regulations extend to England and Wales.

Amendment of the Local Audit (Professional Qualifications and Major Local Audit) Regulations 2014

2

In regulation 12(1) of the Local Audit (Professional Qualifications and Major Local Audit) Regulations 2014[^f00003]—

• (a) in the opening words of paragraph (1)—

• (i) for “any” substitute “a”;

• (ii) for “either” substitute “any”;

• (b) for paragraph (1)(a), substitute—

(a) for a financial year— (i) beginning on or before 1st April 2024, the higher of the relevant authority’s total income (from all sources) for that financial year and its total expenditure (from all sources) for that financial year exceeds £500 million; (ii) beginning on or after 1st April 2025, the higher of the relevant authority’s total income (from all sources) for that financial year and its total expenditure (from all sources) for that financial year exceeds £875 million;

Signed

Jim McMahon — Minister of State — Ministry of Housing, Communities and Local Government — 17th July 2025

Explanatory note

(This note is not part of the Regulations)

Explanatory Note

These Regulations amend the Local Audit (Professional Qualifications and Major Local Audit) Regulations 2014 (S.I. 2014/1627).

Regulation 2 of these Regulations provides that in relation to a financial year beginning on or after 1st April 2025, an audit of the accounts of a relevant authority (as defined in section 2 of the Local Audit and Accountability Act 2014 (c. 2)) is a “major local audit” if the higher of the relevant authority's total income and total expenditure for that financial year exceeds £875 million.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.

Footnotes

[^f00001]: 2006 c. 46.

[^f00002]: 2014 c. 2. Schedule 5 was amended by S.I. 2019/504.

[^f00003]: S.I. 2014/1627.