The BIS fut coins proposals follow on from a decision by the European Union last year to allow each Member State more flexibility in deciding http://www.mmovegas.com/ what reporting requirements there should be for the smallest of businesses. The aim of the changes is to reduce regulatory burdens and save micro businesses money. However, it is questionable whether the changes will result in substantial savings in cost and time for the majority of businesses impacted.
ICAEW is a keen supporter of efforts to remove disproportionate regulatory requirements and cut small businesses free from red tape. Too much regulation can represent a real barrier continued on page two.
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