CRO U-turn on Company Voluntary Strike-off Rules

October 27, 2011

The Companies Registration Office has made a u-turn on its plans to restrict the Voluntary Strike Off procedure for companies.

In a recent blog article, I bemoaned a Companies Registration Office (CRO) move to curtail the simple and inexpensive CRO Voluntary Strike Off process to have a company dissolved. The CRO announced this summer that a company could only avail of this procedure if its Issued Share Capital was  less than €150. This meant that companies with a higher Issued Share Capital would instead have to undergo a Members’ Voluntary Liquidation  – a complex exercise that can cost thousands of euro in professional fees.

Thankfully the CRO have now scrapped these plans.

In a statement released yesterday, they confirm that a company can now still avail of the Voluntary Strike Off process, even if its Issued Share Capital exceed €150.

This is a very welcome development, and the CRO deserve credit for taking speedy action to resolve this issue.

Plain-paper P60 Forms now online

October 13, 2011

Revenue have today published approved-format P60 templates which allow employers and their accountants to print P60s for employees. They confirm that they will no longer issue P60 stationery to the public.

A MS Word version of the P60 is here, while a ‘laser’ version (presumably for use with laser printers) is here.

The new format P60 reflects two notable changes :

  • A separate Certificate is no longer needed to confirm USC details, as these are included in the P60 form. In 2009 & 2010, employers had to issue their employees with separate Income Levy Certificates, in addition to their P60’s. Thankfully this duplication of paperwork is no more.
  • Up to now, it was necessary to issue P60s in duplicate, one part of the form to be used for tax purposes, the other for PRSI & social welfare purposes. It appears that the new single-page form will be adequate for both purposes.