IPs are experiencing problems as HMRC updates its IT systems to gradually migrate customers' VAT records to a new platform. HMRC announced that the updates have triggered 'issues and resulting delays' for IPs who are notifying insolvency, submitting paper returns, requesting repayments or awaiting confirmation that all matters are concluded. HMRC apologised and said that in matters of urgency customers could contact R3 or their representative body.
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. Updates to this page will be communicated through ICAEW Daily emails, Restructuring & Insolvency Community e-newsletters and Insolvency News regulatory updates. After the 14 September, the Talk Insolvency blog will no longer be updated. Communications will be made available through this page and the channels listed above. An archive of Talk Insolvency posts will be available shortly.
Insolvency News, issue 1: In this issue, find out more about new resources, NOCLAR and the new Corporate Insolvency and Governance Act.
Insolvency sector news
To help clear the backlog of correspondence, HMRC has issued some guidance on avoiding duplication post and IVA claim requests.
Running a business has always been a challenge, but the global pandemic has been one of the toughest that company directors have encountered.
Dear IP 108 issued on 28 August advised IPs that from 1 September 2020, users would be able to upload all insolvency statutory forms directly to Companies House using the 'Upload a document to Companies House' service.
QAD’s Alison Morgan has devised a quiz for IPs and their staff to supplement training on the new moratorium provisions. It’s already had great feedback from firms and a compliance provider, why not test your team’s knowledge now?
This invaluable resource contains all the latest advice for ICAEW insolvency practitioners.
This Code is intended to help Insolvency Practitioners meet the obligations expected of them by providing professional and ethical guidance.
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For 2020, the ICAEW insolvency roadshows moved online. Each of the four one-hour webinars are listed below.
Insolvency Roadshow (virtual) 1 – Compliance update
In this first webinar, Michelle Butler of The Compliance Alliance, shares some of the common findings from her compliance visits.
Insolvency Roadshow (virtual) 2 – Legal Update
‘In this second webinar, Graham McPhie of Moon Beever delivers a legal update, outlining some of the key legal decisions for IPs in the last 12 months.
Insolvency Roadshow (virtual) 3 – Quality Assurance update
In this third webinar, Allison Broad and Alison Morgan of QAD’s insolvency monitoring team highlight current key regulatory issues for IPs as well as issues that the team frequently see on their monitoring visits.
Insolvency Roadshow (virtual) 4 – The new moratorium provisions: How are they operating?
In this webinar ICAEW looked at some of the practical challenges of the new monitor role through the lens of the IP profession, the legal profession and the Insolvency Service policy team.