Peter Burke
Ceist:636. Deputy Peter Burke asked the Minister for Jobs, Enterprise and Innovation when FRS105 will be commenced; and if she will make a statement on the matter. [30568/16]
Amharc ar fhreagraTuesday, 18 October 2016
Ceisteanna (636)
Freagraí scríofa
FRS 105 is the Financial Reporting Standard applicable to the Micro-entities Regime. The Companies (Accounting) Bill 2016 introduces provisions for a new category of micro company, which is a subset of the category of small company. Accordingly, FRS 105 will be available to micro companies once the Bill is enacted and commenced.
As matters stand, the Dáil is scheduled to hold the Second Stage debate in early November. The timeframe for passage and enactment thereafter will depend on the availability of parliamentary time.