ECJ ACCOUNTING CASES
August 1st, 2005
BY ALAN OSBORNTHE BRITISH government is confident that it will avoid legal action from the European Commission at the European Court of Justice (ECJ), which has formally warned the UK and five other European Union (EU) about not implementing a key accounting directive. Britain, Belgium, Spain, Italy, Netherlands and Luxembourg, said the Commission, had failed to properly reply to letters in March that they were in breach of Directive 2003/51/EC, and has given them a two-onth deadline to solve the problems or maybe face ECJ action. The legislation imposes globally ...
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