Paragraph 2 Fees payable in connection with the operation of the Insolvency Services Account

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. para. 2 Table words substituted by Insolvency Practitioners and Insolvency Services Account (Fees) 2012 art. 2(2)(a)
Sch. para. 2 Table words substituted by Insolvency Practitioners and Insolvency Services Account (Fees) 2012 art. 2(2)(b)
Sch. para. 2 Table words substituted by Insolvency Practitioners and Insolvency Services Account (Fees) 2012 art. 2(2)(c)
Sch. para. 2 Table words substituted by Insolvency Practitioners and Insolvency Services Account (Fees) 2012 art. 2(2)(d)
Sch. para. 2 Table words substituted by Insolvency Practitioners and Insolvency Services Account (Fees) 2012 art. 2(2)(e)

Fees shall be payable in relation to the operation of the Insolvency Services Account (including payments into and out of that account) in the circumstances set out in the table below—

TABLE

No. of fee	Description of fee and circumstances in which it is payable	Amount
1.	Banking fee; winding up by the court and bankruptcy Where in any bankruptcy or winding up by the court an account is maintained with the Secretary of State in respect of monies which may from time to time be paid into the Insolvency Services Account, there shall be payable out of the estate of the bankrupt or, as the case may be, the assets of the company on each payment date where the liquidator or the trustee is not the official receiver, a fee of—	£15
2.	Banking fee; voluntary winding up Where in a voluntary winding up an account is maintained with the Secretary of State in respect of monies which may from time to time be paid into the Insolvency Services Account there shall be payable out of the assets of the company on each payment date a fee of——	£20
3.	Cheque etc. issue fee Where a cheque, money order or payable order in respect of monies in the Insolvency Services Account is issued or reissued on the application of— (a) a liquidator pursuant to regulations 7 or 8; (b) a trustee pursuant to regulations 22 or 23; or (c) any person claiming any monies in that account pursuant to regulation 32, there shall be payable out of the assets of the company, the estate of the bankrupt or, as the case may be, by the claimant—
	(i) where the application is made before principal commencement date, a fee in respect of that cheque, money order or payable order of— (ii) where the application is made on or after the principal commencement date, a fee in respect of that cheque, money order or payable order of—	£0.65 £0.80
4.	BACs etc. fee On the making or remaking through the Bankers Automated Clearing System or any other electronic funds system of a transfer in respect of funds held in the Insolvency Services Account on an application made after the principal commencement date by— (a) a liquidator pursuant to regulations 7 or 8; (b) a trustee pursuant to regulations 22 or 23; or (c) any person claiming pursuant to regulation 32 any monies held in the Insolvency Services Account, there shall be payable out of the assets of the company, the estate of the bankrupt or, as the case may be, by the claimant a fee in respect of that transfer of—	£0.15