The Insolvency Practitioners and Insolvency Services Account (Fees) (Amendment) Order 2019
S.I. 2019/1427 · Made 29 October 2019
Insolvency
Made 29th October 2019
Laid before Parliament 31st October 2019
Coming into force 31st December 2019
The Secretary of State, in exercise of the powers conferred by section 415A(1)(a)f1 of the Insolvency Act 1986f2, makes the following Order:
Annotations to the whole text
Footnotes
- f1
-
Section 415A was inserted by the Enterprise Act 2002 (c. 40). Relevant amendments have been made by the Deregulation Act 2015 (c .20) and the Small Business, Enterprise and Employment Act 2015 (c. 26).
- f2
Contents
- 1Citation and Commencement
- 2Amendment to the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003
- Signature
- Explanatory note
1Citation and Commencement
This Order may be cited as the Insolvency Practitioners and Insolvency Services Account (Fees) (Amendment) Order 2019 and comes into force on 31st December 2019.
2Amendment to the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003
In article 2(2) of the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003f1—
omit “or before 6th April 2009 and on”,
omit “subsequent”, and
for “£360” substitute “£470”.
Signature
Kelly Tolhurst
Parliamentary Under Secretary of State Minister for Small Business, Consumers and Corporate Responsibility
Department for Business, Energy & Industrial Strategy
29th October 2019
Explanatory note
(This note is not part of the Order)
This Order amends the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003 (the “principal Order”). The principal Order provides for an annual fee to be payable by each recognised professional body based on the number of members authorised by that body to act as insolvency practitioners as at 1st January in each year.
Article 2 increases the sum used to calculate the amount payable per member from £360 to £470 and applies to calendar years from 1st January 2020.