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What happened to Micro Entities?

Comment 28th July 2010

The EU was proposing the concept of a micro entity (a small turnover limited company) that would escape much of the regulation governing limited company reporting, e.g. not delivering accounts to Companies House.  This concept seems to have stalled.

Why does this matter?

I'd take a guess that around 60% of UK limited companies would qualify as micro entities (thats over 1,000,000 companies).  So reduces the burden on those companies and it saves Companies House around 1,000,000 documents per annum to be examined, registered and stored.

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