RegulationAccounting StandardsICAEW urges Europe to cut SME’s ?10bn red tape burden

ICAEW urges Europe to cut SME’s ?10bn red tape burden

ICAEW is urging EC to ease the ?10bn administrative burden on small busines

The Institute of Chartered
Accountants in England and Wales
is urging the EC to introduces measures so
the ‘huge administrative burdens’ on small to medium-sized enterprises be eased.

ICAEW’s submission to a commission consultation seeking views on the measures
needed to remove the obstacles to the EU’s SMEs prosperity, notes a ‘one size
fits all’ approach to business has created a disproportionate burden on SMEs.

The institute joins Bob Edmiston, one of the Midlands’ richest men, in his
call for the regulatory burden on small businesses to be lifted, according to
The Birmingham Post.

Edmiston said employment and health and safety rules were strangling
entrepreneurs in the increasingly difficult economic climate.

Further reading:

Report: SMEs will struggle more under Labour tax
policies

Read
story in The Birmingham Post

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