Tax and accountancy issues of today
Relevant payments include annual payments, patent royalties, certain interest payments. Income tax payable on relevant payments is due for payment by a limited company when the preliminary tax is due and payable. If the corporation tax liability is under €200,000 in the prior year, the Company is defined as small company. To determine this, income … Read more Income tax on Relevant Payments for Small Companies
Companies will not be given 14 days where B1 signature page is not signed. The Companies Registration Office have announced that from 1st April 2018, form B1 will be automatically rejected where the B1 signature page or overall certificate is not signed or if it has only one signature. A new annual return must be … Read more ANNUAL RETURN CHANGES FOR COMPANIES
Beneficial Ownership Register is expected to be in place by end of 2017. Beneficial Ownership of Companies and Industrial and Provident Societies The Department of Finance will issue a Statutory Instrument appointing a registrar of the central Beneficial ownership register in the near future. The Registrar of Companies is expected to take this on as … Read more CENTRAL BENEFICIAL OWNERSHIP REGISTER
MANDATORY E-FILING EFFECTIVE FROM 1ST JUNE 2017 Mandatory E-filing of the following forms to Companies Registration Office takes effect from 1st June 2017: 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 – … Read more MANDATORY E-FILING
Each Company must set up a beneficial ownership register The beneficial ownership register comes under Article 30 of the 4th EU Anti-Money Laundering Directive. It requires all EU Member States to legislate around beneficial ownership information for companies and legal entities. There are two stages to this process: As of 15 November 2016 Companies and … Read more BENEFICIAL OWNERSHIP REGISTER