Micro Businesses Exempted from Burdensome EU Accounting Rules
December 13 2011
The European Small Business Alliance very much welcomes today's vote in the European Parliament Plenary on amending Council Directive 78/660/EEC on the annual accounts of certain types of companies as regards micro-entities, otherwise known as the Lehne Report. The proposal, which exempts micro-businesses from having to draw up heavy annual accounts has been one of the European Commission's flagship initiatives in its efforts to reduce administrative burdens for SMEs. Put forward by the High Level Group on the Reduction of Administrative Burdens, the initiative is an important step towards helping micro-companies stay afloat and put the EU economy back on track. ESBA has been an active supporter of this initiative throughout the policy cycle. The Parliamentary report, drawn up my rapporteur Klaus-Heiner Lehne, faced a deadlock in the European Council through several presidencies. However, though difficult trialogue negotiations between Council, Commission and Parliament, the Institutions have finally managed to come to agreement and decided to give the exemption their green light.
ESBA President Tina Sommer said:
Today's decision by the European Parliament is an important one as this proposal is the first real concrete measure exempting micro-entities from disproportionally burdensome rules and regulations. In an ideal world, the Think Small First principle would be applied perfectly and micro-businesses would be taken as a vantage point for any new piece of regulation, making exemptions obsolete. However, in the real world this is not the case and Europe's smallest businesses continue to suffer. This is where exemptions need to be seen as a valid and justified means to alleviate unnecessary burdens. Today's decision has been an important step towards acknowledging this fact. We congratulate Mr. Lehne on this success.
- ESBA responds to the Single Market Strategy
- ESBA responds to the new Trade and Investment Strategy
- Small and big business join forces on the Digital Single Market
- ESBA Responds to the Capital Markets Union
- Better Regulation agenda published, work starts now.
- ESBA Welcomes Digital Single Market Strategy, Urges for Thorough Implementation
- UK Federation of Small Businesses in High Level TTIP discussion
- Stoiber Appointed Special Adviser on Better Regulation
- ESBA Welcomes Junker Commissions Approach to Better Regulation
- EU US Data Protection Battle at the Expense of European SMEs
- ESBA welcomes today's COSME vote, but with reservations
- Small businesses and Working Group Mittelstand discuss General Data Protection Regulation
- ESBA welcomes vote on new banking rules; Ensuring a more stable banking sector with adequate provisions for SMEs.
- Small businesses welcome new dispute resolution schemes
- Data protection battle fought at the expense of small businesses
- Small businesses concerned about data protection vote
- Changing mind-sets to boost entrepreneurship in Europe
- ESBA Welcomes Adoption of De Backer Report
- Mixed Response of SMEs to New Public Procurement Rules
- Vote on COSME Marks Important Step Towards Competitiveness of EU SMEs.
- ESBA Welcomes the Adoption of the Rubig Report
- COSME: SMEs Warn Against Over-Emphasizing Venture Capital
- ESBA Elects New President
- Capital Requirements Directive: an SME Perspective
- ESBA Welcomes Council Decision on COSME
- ESBA Welcomes Parliament's Recommendations on Equal Pay
- ESBA Welcomes Stoiber Group Report on Reducing Administrative Burden
- Bigger is Better?
- Council Shows Resilience in Maternity Leave
- Maternity Leave: Council Sticks to its Guns
- SME Finance: EU Parliament Hits the Nail on the Head
- ESBA Supports European Parliaments Move towards EU Patent
- ESBA Urges Council to Say NO to Costly and Burdensome Increase in Maternity Leave