Companies Accounting Bill
Deputy Madigan asked when the Companies (Accounting) Bill would be expedited, saying it would simplify financial disclosure for small and micro companies. Bruton said it was due on Report Stage in the week commencing 21 March and was a priority, and the Chair added that the Bill was on the way.
Could I ask the Minister about the Companies (Accounting) Bill? The Bill will amend the Companies Act 2014 and transpose the EU directive, which will have the effect of making financial disclosure easier for small or medium companies. It will also have a very impactful change on micro companies, which have a turnover of less than €700,000, a balance sheet of less than €300,000 and approximately ten employees. Firms need to know what their accounting requirements are in a clear and meaningful way. I would like to ask when the measure will be expedited.
Comment on this
I understand the Bill is due on Report Stage in the week commencing 21 March. It is priority.
