Taxes Consolidation Act 1997 section 1073

Penalties for failure to furnish particulars required to be supplied by new companies

Section 1073 imposes penalties on a company and its secretary where the company fails to deliver the statement of commencement required under section 882.

• A company that fails to file the required statement faces a penalty of €4,000, plus €60 per day if the failure continues after a court judgment.
• The company secretary is separately liable to a penalty of €3,000.
• If the company has not paid its penalty within three months of the filing deadline, the secretary becomes personally liable for the unpaid amount.
• A secretary who pays the company's penalty is entitled to recover that amount from the company.