Dáil
‹ Questions on Promised Legislation Companies Accounting Bill timing
Summary
Deputy O'Dea sought a date for the Companies (Accounting) Bill 2016, saying SMEs were being disadvantaged without it. The Taoiseach said it would be on Report Stage the week after next.
The Companies (Accounting) Bill 2016 was published last August. It provides for a simplified system of accounting for small and medium-sized enterprises, SMEs, that will save money and time and minimise bureaucracy. This legislation arises from a European directive that was adopted three years ago and our competitors already have put in place similar legislation with the result that Irish SMEs have been operating at a competitive disadvantage for the past two years. There is a general inquiry to know when exactly the legislation will be put in place.
