Very small companies could be exempted from having to draw up annual accounts, after MEPs approved changes to accounting obligations in EU law. It would be up to each Member State to grant such exemptions, depending on the impact the directive would have in that country. Companies would in any case still have to keep records of their business transactions and financial situation. If all Member States were to exempt micro companies and did not impose additional requirements, the proposal could save an estimated at €6.3 billion. In spite of this vote, the Commission proposal remains blocked in the Council.
See European Parliament press release
No comments:
Post a Comment