An annual return (Form B1) is required to be delivered electronically by a company, whether trading or not, to the CRO once at least in every year. Link to: Forms Page Link to: Filing Fees Link to: Information Leaflets. Please note that the CRO Public Office is based in Gloucester Place Lower, Dublin 1, on the corner with Sean MacDermott Street.
Please see video below for help on efiling a annual return (B1 Form): https://www.youtube.com/c/croirl
Mandatory E-Filing Required since June 2017: The CRO introduced mandatory electronic filing for the submission of the following documents since 1 June 2017 in accordance with S.I. No. 458 of 2016 and Section 897, Companies Act 2014: ◾B1 - Annual Return (including financial statements and electronic payment) ◾B2 - Change of registered office ◾B10 - Change of director and/or secretary, or a change in their particulars ◾B73 - Nomination of a new annual return date. This applies to all Irish companies.
My financial statements pdf is too large and won't upload to CORE. What can I do? PDF files should not be more than 5 mb. If your file is too large perhaps consider removing pictures/images from the financial statements. Copy the required text to a new Word processing document. There are other alternatives if using other Word Processors like CUTEFTP. Click File, Save As PDF. 3. Click the Radio Button “Minimise Size” and “Compress Pictures. Compress Pictures will offer options - the lower the resolution you choose - the smaller the size of the document. Click Ok and Save the Document as PDF. Reducing size of pdf accounts.pdf
Please note that the 2017 Companies (Accounting) Act did not change the citation of the Companies Act 2014. References made to the Act are to the Companies Act 2014 alone.
The annual return of a company is required to be made up in every year to a date which is not later than its Annual Return Date (ARD).
Annual returns and financial statements - SEND BACK LETTERS
Where an annual return is sent back by CRO for correction or for fees, section 898 Companies Act 2014 , requires that the errors/omissions must be corrected and a fully compliant document delivered to the CRO within 14 days. If a fully compliant document is not delivered to the CRO within 14 days, the original document will be deemed not to have been delivered to the Registrar. The re-submitted document will then be treated as a fresh submission, potentially resulting in the company incurring late filing fees and losing any entitlement to claim audit exemption for two years.
A new company is exempt from the obligation to annex financial statements (accounts) to its first annual return, which return is required to be made up to a date that is six months from its date of incorporation. It is, however, required to annex financial statements to its second annual return, which return is required to be made up to a date not later than 18 months from its date of incorporation, and filed within 56 days.
Many new companies will have difficulty in having financial statements ready for filing 19 months post-incorporation. One option available is to extend the Company's second ARD to a later date to obtain the optimum gap of nine months between its financial year end and its ARD. However this would not affect the necessity for the company to hold its AGM within 18 months of incorporation ( section 175 Companies Act 2014) or the requirement to present financial statements to its AGM within 9 months of the balance sheet date (341 Companies Act 2014). It is a criminal offence to breach these sections of the act: sections 175 & 341.
Financial statements must be audited unless the company is entitled to the Audit Exemption and claims it.
In most cases, audited financial statements must be attached to the annual return. These financial statements must cover a period which ends not more than nine months prior to the date to which the annual return is made up. Financial statements must be audited unless the company is entitled to the Audit Exemption and claims it.
Requirements for financial statements
The financial statements to be annexed to the company's annual return are required:
The financial statements are further required to be made up to a date which is not earlier by more than nine months than the date to which the annual return is made up.
Accordingly, if a company's ARD is more than nine months after its financial year-end, the company cannot retain that ARD and will have to either bring forward its ARD to an earlier date or extend it to a later date. If the company's ARD is less than nine months from its financial year-end, the company may wish to extend its ARD to a later date to obtain the optimum ARD of nine months from its financial year end.
My financial statements pdf is too large and won't upload to CORE. What can I do?
A: PDF files should not be more than 5 mb. If your file is too large perhaps consider removing pictures/images from the financial statements. Copy the required text to a new Word processing document. There are other alternatives if using other Word Processors like CUTEFTP. Click File, Save As PDF. 3. Click the Radio Button “Minimise Size” and “Compress Pictures. Compress Pictures will offer options - the lower the resolution you choose - the smaller the size of the document. Click Ok and Save the Document as PDF. Reducing size of pdf accounts.pdf
An Electronic Filing Agent (EFA) cannot certify the financial statements of a company: An EFA can sign a B1 (annual return) form on behalf of a company once s/he has been authorised by the company to do so on a B77 form. However, the 2014 Companies Act requires that the financial statements must be certified by a Director and Secretary of the company (original signatures). Therefore, where the B1 form is being signed by an EFA, the financial statements must be certified separately by a Director and Secretary using a Financial Statement Certification sheet which must be attached to the B1 when delivering the annual return to the CRO.
CERTIFICATE for EFAs filing Financial Statements.pdf
Annual returns must be completed in a legally recognised currency as at the effective date of the return.
The company name and number of other bodies corporate, whether incorporated in the State or elsewhere, must be provided except for bodies
(a) of which the person has not been a director at any time during the past five years;
(b) of which the company is (or was at the relevant time) a wholly owned subsidiary; or
(c) which are (or were at the relevant time) wholly owned subsidiaries either of the company or of another body corporate of which the company is or was the wholly owned subsidiary.
State the place of incorporation where the company was incorporated outside the State.
An annual return must be completed online and presenters can use https://core.cro.ie. An annual return can also be filed online using a secretarial software package. You must now File your B1 online and payment must be made by customer account or debit/credit card. You have 56 days from your Annual Return Date to file your annual return (B1) online.
Filing of the form B1 and the associated Financial Statements became mandatory as of June 2017. Payment must be made online as well.
Returns which are filed late with the CRO incur a substantial Late Filing Fee.
CRO receives regular requests from companies to treat annual returns lost or delayed in the post as received on time. Section 343 Companies Act 2014 places the responsibility for prompt delivery of annual returns to the Registrar of Companies on the companies themselves. Therefore, under the law, the CRO cannot grant any concessions in respect of documents which are not delivered to the Registrar on time as a result of being lost or delayed in the ordinary post.
The only circumstances in which such an application will be considered is where the company can provide independent documentary evidence of having posted or dispatched the documents using a form of time guaranteed service, on a date which, under the guarantee, should have resulted in on-time delivery to the CRO, and where the service requires the collection of a signature as proof of delivery.
There are a number of service providers offering time guaranteed delivery services with proof of delivery. For example, An Post's Express Post service offers a guarantee of next working day delivery and requires a signature to be obtained on delivery.
Please note that "certificates of postage" do not meet the criteria of independent documentary evidence of posting using a time guaranteed service.
The CRO has put in place a number of methods by which customers can monitor the status of their annual return filings using CORE - the CRO online registration environment - and the CRO website. (eg if there is an inordinate delay in the status of a document changing to "received" on CORE, this may indicate that they have been lost or delayed in the post).
Customers are asked to use these methods to monitor the status of their filings and if the status does not change to "received" within approximately 10 working days (15 at peak times) of being posted to CRO, they should take appropriate action.
Please note that all documents are stamped with the date of delivery to the CRO. If the document is fully compliant, or is corrected within 14 days, the original date of delivery will be recorded as the "received date" when the document is entered onto the Register.
Shareholders lists can now be uploaded when submitting a B1 on Core. They are only acceptable in the following format.
They must be in PDF Format less than 8 MB and should contain a title row with Company Name and Annual Return Date. They should have columns A-I (dependant on the address length there may be less columns).
When a B1 is purchased, if a separate shareholders list is associated to this, it can be provided on request to firstname.lastname@example.org.
Electoral Amendment Political Funding Act 2012
One of the provisions of the Act reduced the amount threshold for disclosure of political donations made by a company, society or trade union on an annual return form completed by a company, society or trade union. With effect from 7/11/2013 the threshold for this disclosure was significantly reduced from €5,079 to €200. Companies, societies and trade unions making an annual return up to a date on or after 7/11/2013 are required to disclose in that return all political donations in excess of €200 in the aggregate which were made by the company, society or trade union, as applicable, during the period covered by the annual return.
Companies, societies and trade unions making an annual return up to 6/11/2013 or earlier are required to disclose in that return all political donations in excess of €5,079 in the aggregate which were made by the company, society or trade union, as applicable, during the period covered by the annual return.
See Political Donations webpage
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