Bernard Durkan (Kildare North, Fine Gael)
Link to this: Individually | In context | Oireachtas source

179. To ask the Minister for Finance if all the relevant requirements have been complied with to facilitate the wind up of their company in order to enable them to obey laws for State supports, given the severity of their medical condition in the case of a person (details supplied); and if he will make a statement on the matter. [36454/24]

Jack Chambers (Dublin West, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

Section 731 of the Companies Act, 2014 provides for the application by a director for Voluntary Strike Off of a company (i.e. one way to wind up a company) from the Register of Companies held by the Companies Registration Office (CRO). It also sets out the requirements to be met by the company, for an application to be considered.

One of the CRO requirements is for the applicant company to be in possession of a ‘Letter of No Objection’ from Revenue. These letters are exclusively issued by Revenue’s National Companies Unit. This unit has been liaising with the taxpayer and following some clarifications, issued a Letter of No Objection to his company on 11 September 2024. It is also noted that Revenue’s Business Division Registrations Unit has also been liaising with the named taxpayer to deregister Corporation Tax and Income Tax. This has helped speed up this process.

I am advised that Revenue can confirm that its obligations within this process are complete. However, it is a matter for the CRO to confirm if all the relevant requirements have been complied with.