ICAI: EU company size thresholds leaving Ireland behind

The Institute of Chartered Accountants in Ireland (ICAI) has today said that agreement between the European Parliament and the European Commission on company size thresholds would leave Irish small and medium entreprises a long way behind their European counterparts.

The Institute of Chartered Accountants in Ireland (ICAI) has today said that agreement between the European Parliament and the European Commission on company size thresholds would leave Irish small and medium enterprises a long way behind their European counterparts.

In a vote in the European Parliament last week accounting Directives, the company size thresholds were increased by 20%. Under the new regime, small companies will now be defined as companies with a turnover of €8.8m, up from €7.3m.