Petition REDUCE BURDENS ON SMALL LIMITED COMPANIES

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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.

This petition closed early because of a General Election

3 signatures

Progress of the petition towards its next target: 3 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 30 March 2015
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