REDUCE BURDENS ON SMALL LIMITED COMPANIES

• Petition
• Statistics

Petition Action

REDUCE BURDENS ON SMALL LIMITED COMPANIES

Additional Information

As an owner of a very small limited company , whose turnover is less than £10,000, I spend a vast number of hours complying with Government imposed schemes as follows:

1. Corporation Tax Online Filing - Using HMRC's online facility takes me an extra week compared to filing on paper. Sole trader businesses can file on paper.

2. RTI - I am forced to report to HMRC online even though I have paid myself nothing.

3. Pensions Auto Enrolment - I will have to know my staging date, register, examine my workforce etc. I am spending hours researching what I have to do again probably to report nothing.

4. In 2016 FRSSE will be replaced by FRSME, which is based on FRS 102. This is for large companies and the document is over 350 pages long. How many hours am I going to spend on this?

I request that for limited companies with turnover below say £10,000 the Government exempts them from the first three requirements, and that FRSSE can continue to be used.

---

You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus