Penalties for late filing set to reach €17.5m

LATE filing penalties imposed by the Companies Registration Office is expected to reach €17.5 million by the end of the year.

Yesterday the CRO disclosed that the amount of money paid to date is lower compared with the same period in 2003, but has already reached almost €11 million. It is projected this figure will reach €17.5m by the end of the year.

The breakdown of late filing penalties paid to the CRO over the past three years, is as follows: