Late Filing of Annual Returns

If you are a director or company secretary of a company then you will know that each year, the company has to file an annual return with the Companies Registration Office.

Failure to file an annual return on time can have several consequences including a late filing penalty of up to €1200, the loss of the audit exemption, prosecution of the company and/or its directors, or the possible involuntary strike-off and dissolution of the company. These are serious issues for any company director.

Under Section 343 of the Companies Act 2014, applications for an extension of time to file an annual return may be made to the District Court area where the Registered Office of the company is situated.

The Court may extend the time in which the annual return of the company may be made. The most common extension period is 28 days from the date of the Court application. If the company delivers the annual return to the CRO within the extending time period, then that annual return will be deemed to have been received on time and the consequences of late filing will not apply.

A company must have legal representation when making such an application and this firm has handled over 100 such Section 343 applications.

 

Feel free to contact us without obligation.

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