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Europe Daily Bulletin No. 9984

25 September 2009
Contents Publication in full By article 11 / 34
GENERAL NEWS / (eu) eu/internal market
Exempting micro-businesses from requirement to present annual accounts divides member states

Brussels, 24/09/2009 (Agence Europe) - On Thursday 24 September, European ministers with responsibility for competitiveness held a public debate on the draft directive that would allow member states to exempt micro-businesses from the requirement, in the 4th accounting directive, to present annual accounts. This would affect those companies that meet at least two of the following three criteria: - turnover of less than €1 million; - balance sheet total of less than €500,000; - fewer than 10...

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