Company annual returns

kdowling

Are company annual returns due on a certain date or one year from company formation date? Thanks

Calahonda52

Is this a new company?
You get what they call an ARD which is fixed unless you elect to change it.
My ARD is May 9th based on a 8th Nov year end so maybe 7 months, its different for first return after formation

y0ssar1an22

kdowling wrote: »

Are company annual returns due on a certain date or one year from company formation date? Thanks

do a cro search:

https://search.cro.ie/company/CompanySearch.aspx

it will give your next ARD. you have up to 28 days after that to file the B1, and 28 days after that to submit financial statements and signed B1. if 1st b1 there will be no financial statements to submit.

think the 1st ARD is 6 months after incorporation.

Calahonda52

y0ssar1an22 wrote: »

do a cro search:

https://search.cro.ie/company/CompanySearch.aspx

it will give your next ARD. you have up to 28 days after that to file the B1, and 28 days after that to submit financial statements and signed B1. if 1st b1 there will be no financial statements to submit.

think the 1st ARD is 6 months after incorporation.

Correct re first ARD.
IIRC it is 28 days after you file the B1 for the accounts, Not a possible 56 days as may be construed from the above 28 + 28

y0ssar1an22

Calahonda52 wrote: »

Correct re first ARD.
IIRC it is 28 days after you file the B1 for the accounts, Not a possible 56 days as may be construed from the above 28 + 28

ARD + 28 days to file b1 online: as in prepare it on core, print it and sign it.

ARD + 28 + 28: submit signed b1 and upload financial statements.

Calahonda52

y0ssar1an22 wrote: »

ARD + 28 days to file b1 online: as in prepare it on core, print it and sign it.

ARD + 28 + 28: submit signed b1 and upload financial statements.

Not my experience.

ps, I may be wrong, however the consequences of messing up the AR, especially if availing of an audit exemption are too perilous to risk getting dates wrong, hence my caution with these numbers.

Stratvs

Calahonda52 wrote: »

Not my experience.

https://www.cro.ie/Annual-Return/Filing-Electronically

An annual return can be completed online using https://core.cro.ie. An annual return can also be filed online using a secretarial software package. An annual return can be filed through CORE for €20. You have 28 days from your Annual Return Date to file your return online. You then have a further 28 days from the date you file online to get the signature page, financial statements and payment to CRO.

Companies Amendment Act 2019 (Signed but not commenced) proposes a change to CORE in early 2020 and a one step 56 days. CORE has not yet changed. SO watch this space as it were.

https://www.companyformations.ie/blog/changes-to-annual-return-filing-dates-included-in-the-companies-amendment-bill-2019/

Stratvs

Calahonda52 wrote: »

ps, I may be wrong, however the consequences of messing up the AR, especially if availing of an audit exemption are too perilous to risk getting dates wrong, hence my caution with these numbers.

+ 1

It's the one thing that I would never leave to the last minute. It does sometimes mean leaning on people to get the stuff in but you need to allow time to get the accounts done and ensure timely filing. And if posting signature pages get them registered and print off delivery receipt once signed for.

y0ssar1an22

Calahonda52 wrote: »

Not my experience.

ps, I may be wrong, however the consequences of messing up the AR, especially if availing of an audit exemption are too perilous to risk getting dates wrong, hence my caution with these numbers.

completely agree with not missing those deadlines.

plus there is the fact that the CT1 needs to be submitted 9 months after the year end, but you can up to 56 days after that to get the accounts submitted to CRO.

can result in your CT1 being late. I think these 2 deadlines should be synched.

antfin

kdowling wrote: »

Are company annual returns due on a certain date or one year from company formation date? Thanks

Your first annual return, for which financial statements are not required, is 6 months after incorporation. Then your next annual return date is 12 months from this date and then annually thereafter unless you change it. You can change it either by electing to file early and resetting it to the anniversary of the filing or extend it by up to six months once every 5 years. However the annual return date cannot be more than 9 months after your financial year end in any circumstances so watch out for this even in the CRO shows it as such for the first return requiring financial statements (ie your second return). If you have a December year end the optimal annual return date will be 30 September. In order to not move it forward if you ever file early you should tick the box electing not to reset the ARD to the anniversary of the current return.

Filing of your annual return must be done online within 28 days of the annual return date. Once filed online you have a further 28 days to upload your financial statements and for the CRO to receive the original signature page from the form B1. This is due to be changed to a single 56 day period once the commencement order is signed for the Companies (Amendment) Act 2019.

At the moment any annual returns due to be submitted since March 2020 are treated as received on time once the process is completed before 30 October 2020. However CORE will be replaced by a new system in September so best not to be part way through the process when this happens or you'll need to begin the process again!

As noted by others it is important not to miss the deadlines because it results in, not only penalties, but loss of any audit exemption for the current year and the next year.