2020 Ezine Newsletter

Email Newsletter
The CRO newsletter facility allows subscribers to receive regular news updates from the office by email. These emails are delivered in text format:

1. CRO E-Zine
This is an electronic bulletin published once a month. It informs all subscribers of the current developments within the Office and also notifies subscribers of future events.

2. Interim Messages
The email newsletter service is effectively split in two (though only one subscriber list is used). Every subscriber receives delivery of the CRO E-Zine once every month. In the interim subscribers may receive further updates if necessary from the Office (urgent or time sensitive messages).

CRO Newsletter 6th January 2020 - Issue 199

Limited Partnerships

Under the European Union (Qualifying Partnerships: Accounting and Auditing) Regulations 2019 – SI 597 of 2019, qualifying partnerships apply Part 6 and Part 26 Companies Act 2014. These regulations replace the 1993 Regulations. The European Communities (Accounts) Regulations 1993 are revoked. (SI 396 of 1993). Qualifying Limited Partnerships submit form P1 with regards to their annual return requirements. Link to Forms Page.

Qualifying partnerships including limited partnerships are now required to comply with Part 26 Companies Act 2014 with financial years beginning on or after 1st January 2020. Form PR2 is submitted for relevant partnerships and has a filing fee of €15.   
Discontinuation of refunds for online filing of C1/C1a 

The filing fee for a C1/C1A is €40. This is paid online by customer account or credit card. From 1st February 2020, the CRO will no longer refund €40 for rejected/returned C1/C1A’s.

If you have chosen to pay by credit card, payment will be taken immediately and is NON-REFUNDABLE (as we cannot store card details). If you would prefer to pay by customer account, payment will not be deducted from your customer account until the submission is received and processed. If the C1/C1A is incorrectly filed, it will be returned and can be amended by the presenter and resubmitted to CRO, once it is inside the 21-day limit of the date the charge was created. No additional fee is required.

A charge which is outside the 21 days will be rejected.

If you wish to open an account with the CRO, please see Open a Customer Account Online page.   

CRO Account holders should ensure that there is sufficient money in their account to cover the transaction before submitting their documents. 

Credit notes 

Over many years the CRO has issued credit notes to customers in place of cash refunds. Following legal advice received by CRO, and as part of CRO`s intention to move to a full e-payments based system for all monies charged and received from customers, it is the CRO`s intention to phase out the acceptance of historic credit notes.

This commenced on 1 January 2020 and will be implemented on a rolling six-year basis.

Thus, all credit notes issued by CRO dated prior to 1 January 2014 will not be honoured as payment from customers for either charges for services or customer account receipts, from that date.

Brexit: Act now to prepare your business

The Minister for Business, Enterprise and Innovation, Heather Humphreys TD, is urging businesses to prepare now for these changes to protect themselves as far as possible against the challenges posed by Brexit. The Department has developed a “Brexit Preparedness Checklist” to help businesses identify the steps they need to take now to prepare. The checklist includes a list of supports available to businesses, along with the contact details of the agencies that administer these supports.

Brexit Preparedness Checklist
More recently, the Government also launched ‘Getting your Business Brexit Ready Practical Steps’ booklet. The booklet outlines the following 9 key steps that businesses should consider now to make sure they are best prepared for a no-deal Brexit: Getting your business Brexit ready - Practical Steps

  • Review your supply chain and UK market strategy
  • Understand the new rules for importing from or exporting to the UK
  • Be aware of possible changes to transport and logistics for goods transiting via the UK
  • Review all your regulation, licencing and certification requirements
  • Review your contracts and your data management
  • Manage your cash flow, currency and banking
  • Protect and inform your staff
  • Take advantage of Government Brexit programmes and supports
  • Know more about the impact on your sector

For further information on how Brexit may affect your business, please visit the Government of Ireland Brexit website at www.gov.ie/brexit

Please login or register to post comments.

Theme picker