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.

David

Comments
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The last I heard was that ...

Locutus |
Locutus's picture

OK I've read it now ...

Locutus |
Locutus's picture

Strange

Steve Collings |
Steve Collings's picture

Deadlines

MarionMorrison |
MarionMorrison's picture

I dont think 3 months is a

ireallyshouldknowthisbut |

.

Ayesha Bham |

The proposals

davidwinch |
davidwinch's picture

Deadlines and balance sheets

Locutus |
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Balance Sheet

davidwinch |
davidwinch's picture

Quote from Roberts article -

Marion Hayes |

On reflection I wonder if

ireallyshouldknowthisbut |

HMRC and banks views

Jekyll and Hyde |

The most useless government report ever published

cfield |
cfield's picture

send it chris!

ireallyshouldknowthisbut |

HMRC can't reply to letters within 12 weeks

kevinringer |
kevinringer's picture

Nooooooo

Owain_Glyndwr |
Owain_Glyndwr's picture

This is becoming a recurring theme!

Nigel Hughes |
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3 months

mrshamilton |