Dominic Hannigan (Meath East, Labour)
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Question 312: To ask the Minister for Jobs, Enterprise and Innovation if he intends to sign up to the new European directive to exempt micro-enterprises from accounting and financial reporting obligations which was adopted by the financial and economic affairs council on the 21 February; and if he will make a statement on the matter. [11381/12]

Dominic Hannigan (Meath East, Labour)
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Question 327: To ask the Minister for Jobs, Enterprise and Innovation if he intends to sign up to the new European directive to exempt micro-enterprises from accounting and financial reporting obligations which was adopted by the financial and economic affairs council on the 21 February; and if he will make a statement on the matter. [11382/12]

Richard Bruton (Dublin North Central, Fine Gael)
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I propose to take Questions Nos. 312 and 327 together.

The Directive in question provides that Member States may provide for exemption from certain obligations for companies meeting stipulated thresholds.

My Department will be consulting with interested parties to assist with formulating a recommendation to me in this matter.