Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-337-000"
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"en.20111213.26.2-337-000"2
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"I voted in favour of this report, by means of which the European Parliament approves the Council’s position on amendments to the Fourth Company Law Directive. The amended directive sets out provisions on the annual accounts of certain types of companies as regards micro-entities. The European Commission submitted a proposal for amendments to this directive in 2009. The position adopted today by the European Parliament proposes making more explicit provision for Member States to be permitted to exempt micro-entities from a general publication requirement, provided that balance sheet information is duly filed, in accordance with national law, with at least one designated competent authority and that the information is transmitted to the business register. The European Parliament has also adopted the compromise agreement it reached with the Council, which establishes new, higher criteria thresholds according to which companies are categorised as small and medium-sized enterprises or micro-businesses. Under the directive, companies whose balance sheet total does not exceed EUR 350 000 a year and whose net turnover is EUR 700 000 a year can thus be subject to the exemption regarding the publication of balance sheet information provided for in it."@en1
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