By Simon O’ Connor, 13th April 2016 (Updated 4th May, 2017) The Companies Act 2014 commenced into law on the 1st of June, 2015. The change to Company law left every company, director and shareholder with one question, ‘Do we need to convert our LTD company to a new company type?’ The CRO granted all […]
By Simon O’ Connor, 15th March 2016 (updated 11.08.2016) The New Companies (Accounting) Bill 2016 was published on the 5 August 2016, introducing a new company size termed “the Micro Company”. The new Micro Company will have far fewer disclosure requirements than an ordinary small company. The Bill aims to relieve the burden on micro […]
By Simon O’ Connor, 14th March 2016 Although not a legal requirement, director’s insurance is strongly advised. It is often the case that a company director/owner will put the needs of their suppliers, employees and customers before their own. This can cause major trouble for them down the line should they become unfit to work, […]
By Simon O’ Connor, 11th of February 2016 Board meetings are a mandatory exercise for most companies in Ireland. The Companies Act 2014 has introduced new requirements for board meetings which all companies are obliged to adhere to. These new requirements are in relation to board minutes, the location of the meetings and the written […]
By Andrew Lambe (Updated 15th October 2020) The Irish Knowledge Development Box (KDB) regime was introduced in the Budget 2016. Recently Budget 2021 has announced that the KDB has been extended for a further two years until 31st December 2022. The Knowledge Development Box, also referred to as the Patent Box, enables companies carrying out […]
By Simon O’ Connor, 19th January 2016 On the 18th of December 2015, the Irish Parliament approved the Regulations implementing the OECD Common Reporting Standard (CRS) in Ireland. The CRS regime is the most recent in a series of initiatives aimed at the international automatic exchange of Information (AEOI). In the past few years, there […]
By Simon O’ Connor, 12th January 2016 (Updated 4th August 2020) The Companies Act 2014 has introduced some significant changes in company law. This includes the introduction of New Company Types and also changes to the roles of various parties such as the Irish Company members and shareholders. What is a Company Member? A member […]
By Paula Horan, 17th of December 2015 From the Commencement of the 2014 Companies Act on the 1st June 2015 a company which has missed, or knows that it will miss the deadline for filing its annual return with the Companies Registration Office, may make an application to the District Court for an Order to […]
By Andrew Lambe, 14th December 2015 (Updated 30th October 2020) What is an Authorised Share Capital? The authorised share capital (often referred to as the nominal share capital) is the maximum amount of share capital a company can issue to its shareholders according to the company’s Constitution. In most cases, a portion of the company’s […]
By Simon O’ Connor, 16th November 2015 The Central Bank of Ireland has recently introduced new reporting requirements for Irish companies that are registered with the Irish Revenue Commissioners under section 110 of the Taxes Consolidation Act 1997. Currently, section 110 companies (often referred to as Financial Vehicle Corporation) is obligated to report on a […]