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The Insolvency Fees (Amendment) Order 1992

S.I. 1992/34 · Made 13 January 1992

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

INSOLVENCY

COMPANIES

INDIVIDUALS, ENGLAND AND WALES

Made 13th January 1992

Laid before Parliament 13th January 1992

Coming into force 14th January 1992

The Lord Chancellor, in exercise of the powers conferred on him by sections 414 and 415 of the Insolvency Act 1986f1, and with the sanction of the Treasury, hereby makes the following Order:—

Annotations to the whole text

Footnotes

f1

1986 c. 45.

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order may be cited as the Insolvency Fees (Amendment) Order 1992 and shall come into force on 14th January 1992.

2

The Schedule to the Insolvency Fees Order 1986f1 shall be amended—

(a)

by substituting for the words “(vi) on all further amounts . . .per cent 1.50” shown in relation to Fee No. 10 in Part I, the words—

“(vi)

on the next £15,000,000 or fraction thereof . . .per cent 1.50

(vii)

on the next £30,000,000 or fraction thereof. . .per cent 0.25

(viii)

on all further amounts . . . . . . . . . . per cent 0.10”;

(b)

by substituting for the words “(f) on all further amounts . . .per cent 1.50” shown in relation to Fee No.13 in Part II, the words—

“(f)

on the next £15,000,000 or fraction thereof . . .per cent 1.50

(g)

on the next £30,000,000 or fraction thereof . . .per cent 0.25

(h)

on all further amounts . . . . . . . . . . per cent 0.10”.

Signature

Mackay of Clashfern, C.

13th January 1992

We concur,

Norman Lamont

Sydney Chapman

Two of the Lords Commissioners of Her Majesty’s Treasury

10th January 1992

Explanatory note

(This note is not part of the Order)

This Order further amends the Insolvency Fees Order 1986 with effect from 14 January 1992 by altering the scales (so far as they relate to amounts over £5 million) for two of the ad valorem fees charged in insolvency proceedings. The changes will result in reduced ad valorem fees for amounts over £20 million.