Dear EFAA member,
Re: Competitiveness council
conclusions – simplification/accounting rules
FYI, please find attached the conclusions on the Small
Business Act adopted by the European Competitiveness Council yesterday (1
December) in Brussels.
These conclusions generally send a very positive signal
to the European SME community, in particular with regard to access to finance
and the reduction of administrative burdens:
-
§ (10) promotes a
concrete use of the Think Small First principle, which is the leading principle
and gist of the SBA,
-
§ (14) on SME
access to finance, in particular with regards to loans, micro-credit and
mezzanine finance provided by the European Investment Bank,
-
§ (17) on SME
owners understanding of how to finance their businesses → This was precisely the aim of EFAA conference in Vienna
-
§ (28) raising
high expectation on “further ambitious proposals to reach the target for
administrative burdens reductions”,
-
§ (32) (the
Council) “Invites the member states and the Commission to make their
administrations more attentive to the interests of SMEs …… vi) by integrating,
wherever relevant, representative of SME organisations into their advisory
expert committees, high level working groups and other appropriate fora → This is in line with EFAA constant request to the EC that
starts to be considered (cf. EFAA participation to the DG Internal Market
Reflection working group on the 4th
Directive)
One very important point is raised in the § (30) on accounting and auditing
requirements, which states:
(The Council) “NOTES WITH INTEREST the Commission's
intention to allow Member States to adopt less burdensome accounting and
auditing requirements for micro-firms, and LOOKS FORWARD to a Commission
proposal in early 2009, based on a specific impact
assessment”.
This is a positive result of the active lobbying led in
Brussels by EFAA
and UEAPME against the introduction of exemptions for the smallest entities, as
the “original” text of the conclusions was mentioning the possibility of
exemptions of micro-entities and was not mentioning the request for a specific
impact assessment.
Please do not hesitate to contact us, should you need
further information.
With kind regards,
Marion
_______________________________________________
European Federation of Accountants and Auditors for
SMEs
Rue
Jacques de Lalaing, 4
EFAA, the European Federation of
Accountants and Auditors for small and medium-sized enterprises, is the umbrella
organisation for national accountants and auditors’ organisations whose
individual members provide professional services primarily to SMEs. EFAA has 13
members throughout Europe representing over 200,000 accountants
and auditors.
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