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Talk Insolvency

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.

Announcements

HMRC update May 2022: case queries mailbox service

09-05-2022

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.

Amendments to Article 89 - Financial Sanctions and Insolvency Practitioners

29-04-2022

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.

April 2022: Deemed consent procedures update

13-04-2022

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.

Incorrect treatment of an HMRC claim

10-01-2022

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.

Account Manager for insolvency related Customs queries

30-12-2021

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.

Insolvency Practitioner appointments

23-12-2021

Updated guidance from HMRC for IPs or their agents seeking appointment in insolvency cases where there are no tax compliance issues or active HMRC investigations.

Energy supplier insolvencies

18-11-2021

With the growing numbers of energy supplier insolvencies, the Insolvency Service wants to support and encourage the flexible and considerate treatment of customers, particularly those who had outstanding debts at the time of the insolvency.

New mailbox for case queries

10-11-2021

As part of HMRC's work to improve the customer journey for IPs, it has introduced a dedicated mailbox for insolvency related cases. Find out more.

Update from the VAT426 Team on service levels

09-11-2021

Announcement about issues, caused by movement of work and redeployment of HMRC staff to man COVID helplines, and the ongoing work to progress cases and payments to IPs.

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Further resources

Become an insolvency practitioner with ICAEW

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

Insolvency News is an update produced by ICAEW's professional standards team. Here you’ll find the latest regulatory information and resources.

Restructuring & Insolvency Community

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.

Support for insolvency practitioners

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.