View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 14, 2011

Barnier supports cutting red tape

EC Internal Market and Services Commissioner Michel Barnier has expressed strong support for the European Parliament’s vote on cutting red tape for more than 5 million of the smallest companies in Europe.

Barnier said reducing accounting requirements will free up small companies’ resources to grow and invest in their businesses.

He also called on the member states to fully adopt the new accounting rules and further reduce red tape as a free way to support small businesses. 

‘The member states should ensure that the benefits of simplification reach each and every micro-entity in the EU, which make up around 75% of EU companies.’ Barnier said.

From next year member states will be able to vote a ‘one-stop shop’, meaning that the smallest companies will only have to send their accounts to the tax administration. 


NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to International Accounting Bulletin