Important Updates from CRO and Companies House
The Companies Registration Office (“CRO”) have just announced that all Irish company Annual Returns that are due to be filed between now and 30 June 2020 will be deemed to have been filed on time providing that all elements (the wet ink signature page of the B1 and the electronically filed financial statements) have been completed and submitted to their offices by that date.
The situation will be kept under review and the CRO could extend this deadline, depending on how the situation develops.
Companies Registration Office (CRO) Update
The Registrar of Companies has decided that all annual returns due to be filed by any Company now and up to 30th June 2020 will be deemed to have been filed on time if all elements of the annual return are completed and filed by that date. This will enable businesses and their financial advisers to focus on the more immediate financial challenges facing them at this time. The situation will be kept under review and the date of 30th of June may be extended depending on the situation as it develops.
If you are due to complete your annual return filing at any time up to 30th June your annual return will be deemed to have been filed on time if you capture the B1 form, upload your financial statements, pay the fee and submit it online and then deliver the signature page as normal to the CRO by that date. You may also complete the filing as normal using Revenue Online Services (ROS) signatures instead of a signature page.
Please continue to file as normal during this period if you are in a position to do so. Annual returns may not be processed within the usual timeframes, however, anything received will be queued and processed as soon as possible.
Further information can be found at www.cro.ie, on our Twitter account @CRO_ie or by phoning 1890 220 226
Companies House Update
All companies must send their accounts, reports and confirmation statements to Companies House every year. If a company’s accounts are filed late, the law imposes an automatic penalty.
Your company should take appropriate measures to ensure accounts are filed on time. You should also file your accounts online if you’re able to.
If, immediately before the filing deadline, it becomes apparent that accounts will not be filed on time due to your company being affected by Coronavirus (COVID-19), you may make an application to extend the period allowed for filing.
Late filing penalties
If you do not apply for an extension and your accounts have been filed late, an automatic penalty will be imposed. The registrar has very limited discretion not to collect a penalty.
Each appeal is treated on a case-by-case basis, and we already have policies in place to deal with appeals based upon unforeseen poor health. Appeals based upon COVID-19 will be considered under these policies.
Companies House Useful Resources:
For the latest information and updates, see our Coronavirus guidance for Companies House customers, employees and suppliers.
We want you to know that at UHY FDW we are here to work with you in these challenging times to ensure you and your business can survive the challenge ahead.
We attach some links that may be useful for you and please feel free to contact us with any queries you may have. We will share more information via our social media channels as it comes available so please ensure you are following us.
Check out our Tough Times Business Checklist
Find more useful information on the following websites:
Please contact a member of our Team for more information.
+353 42 933 9955