Questions on Single Market Legislation
This website helps stakeholders, SMEs, trade associations and public organisations, find questions about legislative acts recently finalised by the European Commission in the area of the Single Market. You can see answers to questions previously asked or submit new questions about these legislative acts.
A favourable business environment is a precondition for the growth and prosperity of SMEs. The EU is working to cut down red tape and to harmonise rules, such as those relating to company law, contract law, accounting and public procurement.
European Contract Law
An overview of EU measures to make contract law across Europe more coherent for easier cross-border transactions.
Information on EU initiatives to achieve a certain degree of harmonisation of direct corporate taxes, particularly in cross-border situations: background information, access to legislation, publications and events.
Taxation and SMEs
See the results of a study analysing how tax systems affect small businesses. The study identifies tax obstacles for the re-investment of earnings and formulates proposals for solutions.
The rules on direct and indirect taxation relevant to enterprises in the EU.
Information on the national aspects of this issue can be accessed via the right-hand navigation.
Overview of EU legislation, key documents and useful information on value added tax (VAT).
VAT invoicing rules update (2013)
As from 1 January 2013, a directive on VAT invoicing establishes equal treatment between paper and electronic invoices, and allows freedom of choice regarding the invoicing method. The new rules aim to make life easier for small firms by removing burdens and barriers, and to promote the uptake of e-invoicing.
Accounting systems for small enterprises
The EU is working to improve the accounting systems of small firms to help them provide stakeholders with relevant financial information, without at the same time overburdening small firms.
Keeping the accounts
The EU is working towards greater transparency and comparability of financial statements provided by companies. This page informs on existing standards and initiatives to make these rules easier.
Information on national accounting rules and regulations in the Member States can be accessed via the right-hand navigation.
Fit for the euro
A guide to help small firms prepare for the switchover to the euro and reap the benefits of the single currency.
All about the EU's single currency.
Fighting late payments
The European Commission is organising the European late payment information campaign to show how the EU is equipping business with the tools to combat late payments between businesses and between businesses and public authorities, and to provide information.