CRO. Company Secretarial. Annual Company Returns. Financial Statements

The Companies Registration Office (CRO) have announced that the 28th May filing deadline has once again been extended.  The Registrar of Companies has decided to extend the filing deadline for companies with an Annual Return Date falling on 30th September 2020 or later until Friday, 11th June 2021.

The extension of the deadline from 28th May 2021 was in recognition of difficulties being experienced when trying to file Annual Returns in the run-up to the filing deadline, which the CRO are currently working to resolve.

As you may remember, the CRO previously announced that the 26^th February 2021 filing deadline was to be extended until 28^th May 2021 for companies with an ARD on or after 30^th September 2020. This was due to the Level 5 restrictions as well as issues experienced by Accountants and other Compliance Professionals with the new CORE system.

For further information, please click the link: https://www.cro.ie/en-ie/About-CRO/Latest-News/filing-extension?

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.

Irish income tax, Corporation Tax, CGT, CAT, VAT advice, planning and returns. Business Tax. Tax Compliance. Payroll

As you’re aware, a Tax Clearance Certificate is Revenue confirmation that your tax affairs are in order.  From 21st May 2021 Revenue will recommence their assessment of the tax clearance status of businesses.  Your Tax Clearance Certificate may be withdrawn or rescinded if you become non tax compliant or if your tax clearance has expired.  This relates to taxes under all headings including VAT, payroll, personal and business taxes.

Please be aware that this may result in the rescinding of the tax clearance status of businesses that are currently in receipt of the EWSS and/or the CRSS.  It is essential to check the status of your tax clearance as your business may becoming ineligible to receive further payments under these schemes until the compliance issues concerned are fully resolved.

If Revenue have contacted you to remind you of your requirement to file outstanding returns or to address other compliance issues in order to retain your tax clearance status, please make sure you do so as a matter of urgency.

In summary, businesses which are reliant on the EWSS and/or the CRSS should take immediate action by contacting Revenue and addressing the outstanding issues.

For further information, please click: https://www.revenue.ie/en/starting-a-business/tax-clearance/tax-clearance-under-review-refused-or-rescinded/tax-clearance-certificate-rescinded-withdrawn.aspx

Please be aware that the information contained in this article is of a general nature.  It is not intended to address specific circumstances in relation to any individual or entity. All reasonable efforts have been made by Accounts Advice Centre to provide accurate and up-to-date information, however, there can be no guarantee that such information is accurate on the date it is received or that it will continue to remain so. This information should not be acted upon without full and comprehensive, specialist professional tax advice.