RBO filing

duffysfarm

how is everyone getting on with the RBO filings?
ridiculous having a filing deadline for this a week after the Income tax deadline and then there is the vat return deadline this week also.
site seems to be down for most of the day today and while i can log in now this evening i cant file anything. not getting any error message just get as far as select company and nothing happens after this.

Stratvs

Done and dusted thankfully. Had a look Friday just to make sure no inbox items that were missed and it took a few goes to log in. Looks like they caught a dose of the ROS virus.

GrumpyMe

Website is one big failure today - unusable!

hjr

I've managed to file two returns by using Chrome Incognito rather than normal chrome, which seems to make a difference.

duffysfarm

some joke at this stage. I wonder what are the relevant institutes saying about this if anything?

eusap

The site takes an age to react, press a button, go make tea, press another button, go for biscuit, come back and repeat. Took 20 mins to register two entries

hjr

eusap wrote: »

The site takes an age to react, press a button, go make tea, press another button, go for biscuit, come back and repeat. Took 20 mins to register two entries

Or more accurately to submit two entries. It seems to be currently taking 24 hours to either register/reject submissions. That's bad at the moment, but what'll happen on Friday when it's deadline day and you don't have 24 hours to make corrections!?

thefizz

Does anyone know the penalties for non compliance?

hjr

This is the position on penalty according to RBO. I'm not sure if it's a late fee, or just a penalty if convicted?

Penalties for failure to comply with this regulation

Particular attention must be paid to the consequences of non-compliance as the fines on conviction are severe. This applies to all Relevant Entities regardless of size, activity or level of trading.

A relevant entity that fails to comply with the provisions of the Regulations commits an offence and shall be liable-

a) On summary conviction, to a class A fine (not exceeding €5,000), or

b) On conviction or indictment, to a fine not exceeding €500,000

thefizz

My problem is I have a company which hasn't traded in a few years and I will be closing it down in the coming weeks. My accountant is looking for almost €400 to do the RBO filing for me which is such a waste considering the company will be closed soon.

hjr

God €400 to complete an RBO form seems off the wall, unless there's something awful complicated about the company and people involved.

thefizz

hjr wrote: »

God €400 to complete an RBO form seems off the wall, unless there's something awful complicated about the company and people involved.

No there should be nothing complicated about the company at all.

Stratvs

thefizz wrote: »

No there should be nothing complicated about the company at all.

Several of the company formation houses sent out emails to say they'd do the RBO filing for around €150-200+VAT.

Immy

thefizz wrote: »

My problem is I have a company which hasn't traded in a few years and I will be closing it down in the coming weeks. My accountant is looking for almost €400 to do the RBO filing for me which is such a waste considering the company will be closed soon.

Just registered on site and do it yourself. It’s very straight forward. Simply

GrumpyMe

thefizz wrote: »

My problem is I have a company which hasn't traded in a few years and I will be closing it down in the coming weeks. My accountant is looking for almost €400 to do the RBO filing for me which is such a waste considering the company will be closed soon.

If it was to take him as long as it took me I could understand why, Me thinks it was FO pricing and I can understand that too!

wally1990

hjr wrote: »

God €400 to complete an RBO form seems off the wall, unless there's something awful complicated about the company and people involved.

Ouch

We decided on this occasion that we won't be charging for the filling of RBO for our clients

Company decision on this one given the time of year and us charging for tax returns etc plus Christmas coming up so we said we won't not charge for this work

paulpd

thefizz wrote: »

No there should be nothing complicated about the company at all.

We re charging 145 for each. Pretty good uptake on it.

GrumpyMe

Just out of curiosity checked the site now, 04:30. No lag, instantaneous response. So the delay issue would appear to be lack of resources on their end. :-(

duffysfarm

No private sector employee should have to work at that time of the night becase of what is basically a public sector shambles. If it was the other way round there would be strikes and calls to joe duffy....

GrumpyMe wrote: »

Just out of curiosity checked the site now, 04:30. No lag, instantaneous response. So the delay issue would appear to be lack of resources on their end. :-(

hjr

paulpd wrote: »

We re charging 145 for each. Pretty good uptake on it.

Yep, I would have thought anything around €99+vat was reasonable, given importance of form and time of year. €400 is shocking.

thefizz

I'm going to have go myself, what information do I need to have ready to complete the process?

Stratvs

thefizz wrote: »

I'm going to have go myself, what information do I need to have ready to complete the process?

See 3.2 here

https://rbo.gov.ie/faqs.html

thefizz

Stratvs wrote: »

See 3.2 here

https://rbo.gov.ie/faqs.html

Thanks, what is the "Date of entry as beneficial owner"? Is that when I became a director of company?

Stratvs

thefizz wrote: »

Thanks, what is the "Date of entry as beneficial owner"? Is that when I became a director of company?

The RBO relates to Beneficial OWNERS. A director may or may not be an owner although in a lot of small companies the owners are also the directors and were appointed at the same time. So it's date of entry as shareholders you're looking at ( See 4.etc in the FAQ page) not directors.

thefizz

Stratvs wrote: »

The RBO relates to Beneficial OWNERS. A director may or may not be an owner although in a lot of small companies the owners are also the directors and were appointed at the same time. So it's date of entry as shareholders you're looking at ( See 4.etc in the FAQ page) not directors.

Great thanks, now if the site was working I could get this done.

GrumpyMe

Try doing it out of office hours - could have saved me hours!

silent_spark

Unless there’s something really complicated going on, there’s no need to pay anyone to do this - you just need to enter the details and submit.

The system was open months ago.

Edit: Sorry, not very helpful to anyone trying to wrangle an oversubscribed system on the deadline date!

J.Ryan

Just went to log in to do the last 3 and am getting this message on the page

Not Found
HTTP Error 404. The requested resource is not found.

capefear

J.Ryan wrote: »

Just went to log in to do the last 3 and am getting this message on the page

Not Found
HTTP Error 404. The requested resource is not found.

its been like that for the last hour:mad:

GrumpyMe

silent_spark wrote: »

...to anyone trying to wrangle an oversubscribed system on the deadline date!

You've 4 hours left!

J.Ryan

capefear wrote: »

its been like that for the last hour:mad:

I've sent them a message on the contact us link, informing them that its down and that I consider it a system error on their end and therefore not my clients fault that they cannot comply, as they did not set a time for filing, just a date.

Do the same



Just to add, ROS is down for scheduled maintenance tomorrow, regardless of the fact that it is the due date for VAT 3's and PAYE payments!

J.Ryan

the reply I got

Thank you for your email, we are experiencing some technical difficulties our ICT team are working to resolve the issue, we apologise for any inconvenience caused. Please keep records of these attempts to file before the deadline (keep screen shots of errors for example).

Regards

capefear

https://twitter.com/RobertTroyTD/status/1197867090285408256


Don't know if this is true or not

Stratvs

J.Ryan wrote: »

the reply I got

Thank you for your email, we are experiencing some technical difficulties our ICT team are working to resolve the issue, we apologise for any inconvenience caused. Please keep records of these attempts to file before the deadline (keep screen shots of errors for example).

Regards

Their ICT team have their latest equipment on it.

capefear

the automated replys from RBO saying deadline midnight Monday night

v638sg7k1a92bx

Any updates on what the fees are for late filing and if they are being implemented?

vicwatson

On this, has anyone has a reply from RBO via email in your account?

There isn't a phone contact correct? Rang the CRO before and got "we aren't trained in that area"

A submission made was rejected on non correlating info with DEASP records, though they never said whose records were the ones that didn't correlate. They emailed to say they would write to the person to advise which info didn't correlate, but that was on Nov 21st and nothing from them since

Anyone else have a similar situation?

Stratvs

Just an update on this from an email I got from the CRO :-

"The number of companies which had registered their beneficial ownership details
with the RBO at the end of January 2020 was 175,000 or 79% of the total due to file,
and the number of industrial and provident societies which had registered was 549 (57%).

The RBO remains open to accept filings from companies and societies (relevant entities)
which have not yet filed their beneficial ownership details.

If a relevant entity does not file with the RBO, it may be guilty of an offence and be
liable on summary conviction to a Class A fine of up to 5,000 euro and on conviction on
indictment to a fine of up to 500,000 euro.

Relevant entities which have not already filed with the RBO are advised to do so
as a matter of urgency in order to avoid prosecution.

Newly incorporated entities are reminded that they must file their beneficial
ownership details with the RBO within five months of incorporation.

Filing must be done online at www.rbo.gov.ie and there are no paper forms or
filing fees.

For more information and FAQs, visit www.rbo.gov.ie"

v638sg7k1a92bx

Stratvs wrote: »

Just an update on this from an email I got from the CRO :-

"The number of companies which had registered their beneficial ownership details
with the RBO at the end of January 2020 was 175,000 or 79% of the total due to file,
and the number of industrial and provident societies which had registered was 549 (57%).

The RBO remains open to accept filings from companies and societies (relevant entities)
which have not yet filed their beneficial ownership details.

If a relevant entity does not file with the RBO, it may be guilty of an offence and be
liable on summary conviction to a Class A fine of up to 5,000 euro and on conviction on
indictment to a fine of up to 500,000 euro.

Relevant entities which have not already filed with the RBO are advised to do so
as a matter of urgency in order to avoid prosecution.

Newly incorporated entities are reminded that they must file their beneficial
ownership details with the RBO within five months of incorporation.

Filing must be done online at www.rbo.gov.ie and there are no paper forms or
filing fees.

For more information and FAQs, visit www.rbo.gov.ie"

Out of interest what are you charging for this, we’re on 350 plus vat.

Stratvs

Scott Tall Insectivore wrote: »

Out of interest what are you charging for this, we’re on 350 plus vat.

Stratvs wrote: »

Several of the company formation houses sent out emails to say they'd do the RBO filing for around €150-200+VAT.

Given the rates quoted from stuff that came in from several co. sec. providers, I went with €150+V for single member €200+V for two dir/member and one came in at €300+V. They were all done by original due date so going forward it's just a note in the Co. Sec. prog to review annually. These were all cases which I get good repeat acs work from anyway ( some for 20+ years ) so I was not going to go mad on them.

v638sg7k1a92bx

Stratvs wrote: »

Given the rates quoted from stuff that came in from several co. sec. providers, I went with €150+V for single member €200+V for two dir/member and one came in at €300+V. They were all done by original due date so going forward it's just a note in the Co. Sec. prog to review annually. These were all cases which I get good repeat acs work from anyway ( some for 20+ years ) so I was not going to go mad on them.

Yes but the company formation houses are a flat pack service. You shouldn’t be aligning your fees with theirs because they offer a completely different service. With them you buy a service off the shelf with no questions or follow up support. With them you fill out the form and send it back anything else and the computer says no. If you’re like us then there are probably follow up questions, gathering the data pps numbers, addresses etc. I expect you do a lot of that for the client so why charge the same or a little bit more for a superior service, your clients will never value what you do if you keep giving it away for free? The repeat fees argument has been the downfall of accountants for years “oh I get repeat business so I’ll charge a mickey mouse fee” and you keep chasing your tail year after year being a glorified secretary to you clients running errands rather than charging for your expertise.