Government 'simplification' needs your examination!
Robert Lovell has reported elsewhere on AWEB on an apparently well meaning government proposal to simplify reporting requirements for very small businesses (those with turnover up to 500,000 euro or about £440,000). His report includes a link to the government proposals.
Either I have misunderstood what the government has in mind or the proposal would, if put into effect, result in confusing and somewhat incoherent financial statements being issued by such companies and a much accelerated timescale for their submission to Companies House (the time limit being reduced from 9 months to 12 weeks after the year end).
Read Robert's report HERE.
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