The European Commission is abolishing accounting rules that force micro
enterprises with turnover under €880,000 per year to submit audit
reports to national authorities.
The Commission estimates this will save small business EUR1070 per year and
EUR5.6bn in total across the sector.
The proposal, which forms part of the EU’s economic recovery plan, requires
endorsement from EU ministers but is not expected to be challenged.
David Frost, director general of the British Chambers of Commerce told the
Scotsman that the total cost of business regulation now stands at £66bn.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states