Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-338-000"

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"en.20111213.26.2-338-000"2
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"I think that this agreement at second reading between Parliament and the Council is balanced and marks progress in terms of simplifying the obligations imposed on micro-entities with regard to their annual accounts. Although extremely important, accounting requirements can sometimes give rise to needless complications for micro-entities which do not have a very high turnover. Consequently, some overly stringent requirements pose a disproportionate administrative burden in relation to their objective, proving to be counterproductive. I am pleased that Parliament has successfully persuaded the Council of Ministers to raise the threshold for applying exemptions to EUR 700 000 instead of EUR 500 000 for net turnover, as previously desired, and from EUR 250 000 to EUR 350 000 for the balance sheet total. Therefore, a larger number of micro-entities will be eligible for these exemptions which will ease their burden and allow them to focus on their core activities, giving positive impetus to their competitiveness."@en1

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