Late filing penalty fees make up 37% of Companies Registration Office's revenues in 2018

Late filing penalty fees totalling €7.2m accounted for 37% of the Companies Registration Office's revenues of €19.27m last year.

Late filing penalty fees totalling €7.2m accounted for 37% of the Companies Registration Office's (CRO) revenues of €19.27m last year.

According to the CRO’s 2018 annual report, the €7.2m received in late filing fees from 13,451 companies - working out at an average penalty payment of €535 - topped the €7m the CRO received in submission fees for all other documents filed in 2018. However, late filing fees were 29% down on the €10.08m generated in 2016 and 10% down on the €8.23m received under the same heading in 2017.