The Companies (Amendment) Bill 2019 was published in January 2019 and proposes to change the Annual Return Deadlines for Irish Resident Companies. These new filing dates will directly impact every Irish company and is likely to become law in just a few months.
Current ‘Two-Step’ Process
Currently, there is a ‘two-step’ process for the companies to meet their reporting obligations.
The annual return must be electronically filed to the CRO within 28 days of the Annual Return Date. Once this step has been completed, the company is allocated a further 28 days to submit their Financial Statements.
Proposed New ‘One-Step’ Process:
It is proposed to change the annual return filing deadlines to a “one-step, 56 day process”. While the new ‘one-step’ process does not provide companies with any additional time, it does allow for companies to avail of a continuous 56 day period to:
- Electronically file the annual return,
- Upload Financial Statements, and
- Deliver any signature pages to the CRO.
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Legislation
Apr 13, 2021
