This page is a news portal for the insolvency sector and insolvency practitioners regulated by ICAEW. From here, you will also be able to access the range of insolvency webinars created by ICAEW.
Find out how best to submit VAT returns so they are processed efficiently, including how to submit them using HMRC’s new IT system.
The Advertising Standards Agency (ASA) and the Committee of Advertising Practise (CAP) have issued an enforcement notice regarding debt management adverts by insolvency practitioners and lead generation companies.
Following recent developments in the personal insolvency industry, ICAEW wishes to remind Insolvency Practitioners of the requirements of SIP 9 and of the Insolvency Code of Ethics.
CCAB has now issued its latest version of its Anti-Money Laundering Guidance for the Accountancy Sector, together with the Insolvency and Tax Appendices, following the Treasury’s approval of all three documents.
Due to a significant increase in case queries, there are currently delays to response times. Read the latest advice from HMRC to find out how to help progress your query, including ensuring you have completed the contact form, and what not to do.
The Insolvency Service is aware of some individuals who may be subject to financial sanctions who are seeking to use both solvent and insolvent liquidations to circumvent financial sanctions. Read this update from the Insolvency Service for information about financial sanctions. It also gives details of a free subscription service to identify designated persons, entities or bodies. Insolvency practitioners are encouraged to subscribe to the service.
ICAEW is consulting on proposed changes to its CPD Policy. Please let us know your views. The consultation is open from 24 March to 18 May 2022.
From 1 June 2022, if a company or insolvency practitioner knows HMRC is already dealing with the company on a compliance matter, please send any initial notification of a Creditors’ Voluntary Liquidation procedure directly to the HMRC officer handling that correspondence – not to the central mailbox.
HMRC continues to see instances where insolvency practitioners incorrectly deny or reduce HMRC’s claim when considering it for voting purposes in a decision procedure, particularly where the insolvent person or others may dispute the amount due to HMRC.
As part of HMRC’s work to improve the customer journey for IPs, it is introducing a dedicated Account Manager for insolvency related Customs queries. This guidance has been updated to include some background on Customs, its responsibilities, and a list of the taxes/duties it covers.
You don’t have to be an ICAEW Chartered Accountant to qualify and be licensed as an insolvency practitioner (IP) with ICAEW. We offer a comprehensive programme of support for insolvency practitioners.
Insolvency News is an update produced by ICAEW's Professional Standards Department. Here you’ll find the latest regulatory information and resources.
Access recordings and book your place on upcoming insolvency events including webinars.
Joining the Restructuring & Insolvency Community will give you support that really pays off. Led by a committee of dedicated specialists, we provide guidance, support and representation to insolvency practitioners. Best of all, it’s free to all those IPs licensed by ICAEW.
Practical guidance for insolvency practitioners, including the latest information on SIPs, helpsheets, and sector news, as well as support on how to market your practice.