According to UEAPME, relieving micro enterprises from financial reporting obligations is unlikely to generate a net cost reduction, since most will keep filing accounts anyway for national administrations, banks, suppliers and customers. Moreover, the Commission's proposal will decrease transparency and go against the single market, creating an uneven playing field between businesses operating in different Member States, only some of which will use the exemption. UEAPME therefore recommended simplifying the existing harmonised accounting rules as a more viable and less distortive alternative.
