Fourth and Seventh Company Law Directives:Company Reporting
Council Directives 78/660/EEC (4th Directive) and 83/349/EEC (7th Directive) require member states to establish a legal framework for producing annual accounts and consolidated accounts, for limited companies. These Directives also include reporting requirements in respect of corporate governance.
The 4th and 7th Directives also set the thresholds which determine whether a company is large medium or small for reporting and audit purposes.
Further information - Commission website
The Partnerships (Accounts) regulations 2008 (SI 2008/569): Technical defect in definition of "qualifying partnership".
The Government is currently considering responses to the letter dated 13 April 2010 and draft regulations sent to interested parties on the technical defect in the definition of "Qualifying Partnership" in The Partnership (Accounts) Regulations 2008 (SI 2008/569). The period for comment on this closed on 6 July 2010. Though earlier commencement dates have previously been considered, it is now likely that any new regulations will apply to financial years beginning on or after 1 October 2011.
