Meet the author

Samikshya Basnet

Samikshya is an ACCA Affiliate with professional experience in UK tax compliance, and international accounting and auditing standards. Her background in IFRS, IAS and ISAs gives her a strong technical foundation for researching and analysing complex financial and tax matters. Through her work supporting tax guidance and financial decision-making, Samikshya brings accuracy, attention to detail and a practical understanding of accounting principles to her writing. Her articles are grounded in professional knowledge and a commitment to presenting complex financial topics clearly and accurately.

Parent Company Guarantees and Audit Exemption: What UK Subsidiaries Need to Know

From April 6, 2025, the small company thresholds rose to turnover not exceeding £15 million (up from £10.2 million) and balance sheet total not exceeding £7.5 million (up from £5.1 million).

Samikshya Basnet August 18, 2026

Meet the author

Samikshya Basnet

Parent Company Guarantees and Audit Exemption: What UK Subsidiaries Need to Know

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