The new statements will come into effect on 1 January 2018.
The Joint Insolvency Committee (JIC) has been consulting on the interim statement of insolvency practice 6 (England and Wales) (SIP 6) which was introduced in April 2017 to coincide with the new insolvency rules coming into force on 6 April 2017. The consultation closed on 13 October 2017.
The responses received to the consultation have been reviewed by the JIC working group which had developed the SIP and a revised version of SIP 6 has been produced as a consequence of that review, taking into account the feedback received. The working group comprised insolvency practitioners and representatives of HMRC and the Insolvency Service.
Insolvency practitioners should note the changes made to the interim version of SIP 6 as set out below.