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Commission refers Ireland to the Court of Justice over failing to apply EU rules on financial reporting

Met dank overgenomen van Europese Commissie (EC), gepubliceerd op donderdag 27 april 2017.

A timely and correct implementation of the Accounting Directive is an important step to improve and simplify financial reporting which is particularly important for small companies.

The Accounting Directive (Directive 2013/34/EU) - which repeals Council Directives Fourth Council Directive 78/660/EEC and Seventh Council Directive 83/349/EEC - aims to reduce the administrative burden for small companies and improve the quality and comparability of the information disclosed in financial reports. It sets out EU-wide rules on annual financial statements, consolidated financial statements and related reports of certain types of undertakings.

Member States had to transpose these rules into national law by 20 July 2015. To date, Ireland has not yet implemented the Directive. As a result, the Commission has now decided to refer the case to the Court of Justice and request that penalties be imposed on Ireland.


In September 2015, the European Commission formally requested Ireland to apply the Directive. Since then, Ireland has not complied with the Commission's reasoned opinion sent to the Irish authorities in June 2016.

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General public inquiries: Europe Direct by phone 00 800 67 89 10 11 or by email

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