Under the proposed amendment a micro business is described as an entity that publishes news-related material in a multi-author blog on an "incidental basis that is relevant to the main activities of the business".
Having a group of tools to run your micro business is now essential.
"One of the best things about running your own micro business is that no one else can shout at you or tell you what to do.
I had a fabulous career with one of the biggest brands in the world - so scaling back to a micro business was a little unfathomable.
Clare Josa, co-founder of EU VAT Action, says that only businesses that can afford expensive software can cope with such regulations and she and 10,000 micro businesses are calling for urgent reform.
Small and micro businesses are time consuming and unprofitable individually.
Drill down further, and the role of micro businesses are even more central.
Micro businesses are frequently defined as businesses with less than 10 employees (e.g. Europen Union 2016).
The higher failure rate is attributed to lower resources, meaning that micro businesses are less able to withstand shocks.
Micro businesses are theorised as flexible, creative and able to adapt quickly to changing context and opportunities (Baines and Wheelock, 2000; Pretorius et al., 2005).
The failure rate of micro businesses is higher than for small, medium or larger businesses (Fajnzylber et al. 2006).
