Displaying 1-20 of 108 results
Updated Statement of Insolvency Practice 3.3 Scotland (Trust Deeds)
- Article
- 27 Sep 2023
A revised SIP 3.3 relating to trust deeds has been issued. It was approved by the Joint Insolvency Committee and each of the recognised professional bodies following consultation with the profession and wider sector stakeholders. The main changes in the revised SIP 3.3 relate to the principles, key compliance standards and standards of specific applications being, as far as practicable, aligned with the recently revised SIP 3.1 relating to individual voluntary arrangements taking account of Scots law, trust deed procedures, appropriate terminology, etc.
AML guidance for insolvency practitioners
- Link
- 26 Sep 2023
A reminder that where ICAEW is the firm’s anti-money laundering supervisor, insolvency practitioners should refer to ICAEW’s wealth of guidance and resources for current and definitive AML information.
Turnaround, Restructuring & Insolvency (TRI) Awards -21 November 2023
- Event
- 13 Sep 2023
Enter now for the TRI Awards. The event is 21 November. Deadline to enter is 25 September. This in-person event recognises and celebrates the hard work, dedication and success of individuals, teams and firms in the profession.
Changes affecting insolvency practitioners working in the IVA sector
- Article
- 12 Sep 2023
In this article, find updated guidance from the Insolvency Service for monitoring volume providers.
Virtual Restructuring & Insolvency Community Roadshows 2023
- Link
- 29 Aug 2023
Join any or all of these one-hour webinars covering legal and compliance updates and what's current in relation to Redundancy Payments Service claims. First one is 12th September.
Webinar: Why inflation is a problem for IPs
- Event
- 17 Aug 2023
Are your insolvent estate assets appropriately safeguarded? In the recording, hear Alan Stockdale, of Marsh, discuss the consequences of asset and insurance-related issues facing IPs. One listener wrote, “The amount of under-insured properties was eye-opening.” Another said it was useful to understand that under-insurance results in a reduction in insurance payouts, proportionate to the sum insured and valued. Learn other practical tips to avoid the pitfalls. Given the startling statistics, are you satisfied that your portfolio is sufficiently protected?
Submission of P11D - what is changing
- Helpsheets and support
- 16 Aug 2023
- PDF (63kb)
HMRC’s latest Insolvency Bulletin announces changes to the way employers should report expenses and benefits provided to employees during the tax year ending 5 April 2023 in the February 2023 Employer Bulletin and again in the April 2023 Employer Bulletin. The change, which will apply for that tax year and future tax years, means HMRC will no longer accept paper P11D and P11D(b) forms, this includes lists. This change is for both original submissions and for amendments.
What’s your succession plan?
- Article
- 10 Aug 2023
The Insolvency Guidance Paper (IGP) on Succession Planning is being updated. It’s a good place for insolvency practitioners (IPs) to start when putting contingency and succession plans in place to future-proof their professional interests.
HMRC Insolvency Bulletin: Filing of Company Tax Returns
- Helpsheets and support
- 19 Jul 2023
- PDF (164kb)
HMRC introduced the latest version of the Company Tax Return (CT600) form in 2015 with Version 3. However, they are still receiving earlier versions of the return which are no longer valid. Please be sure you are using the most current form and submitting online to help expedite processing times. Please read the bulletin for further details.
Concerns raised with HMRC
- Link
- 12 Jul 2023
Read the full letter to learn why ICAEW has joined with R3, along with other recognised professional bodies who regulate UK insolvency practitioners, to write to HMRC and raise concerns with how it is engaging with the insolvency profession. The letter highlights the negative effects resource allocation and prioritisation across HMRC are continuing to have on the profession from a regulatory and operational perspective. We have included a list of specific issues and areas of concern with a request for HMRC to respond with details of how it proposes to address these issues.
Professional Standards update - July 2023
- Newsletter
- 05 Jul 2023
This month we invite you to register for our webinar focusing on CPD and the new firm requirements which will be effective from 1 November. We have included resources such as the latest ICAEW helpsheet updates, how to avoid losing access to your HMRC agent account and links to recordings of insolvency and AML webinars which took place in June. We also highlight audit quality inspection reports and the publication of HM Treasury’s consultation on anti-money laundering supervisory reform and its accompanying webinar.
Represent ICAEW on the Joint Insolvency Committee (JIC)
- Article
- 22 Jun 2023
We are looking for an ICAEW licensed insolvency practitioner, who must also be an ICAEW member, to be our new representative on the Joint Insolvency Committee (JIC).
Pre Pack Pool annual review published
- Article
- 15 Jun 2023
ICAEW licensed insolvency practitioners may be interested to read Pre Pack Pool’s 2022 review.
Professional Standards update June 2023
- Newsletter
- 14 Jun 2023
This month, we highlight the extension of the Duty to Report Misconduct requirements to include firms, affiliates and other relevant persons. New resources include an AMLbites video on the topic of risks and red flags and guidance on the top 5 regulatory breaches by DPB Investment Business licenced firms.
Building an intelligence picture
- Article
- 07 Jun 2023
Insolvency practitioners (IPs) play a key role in identifying bounce back loan (BBL) fraud and misuse of other COVID support schemes. If you know how to submit a good-quality suspicious activity report (SAR), it helps investigation and enforcement agencies bring criminals to justice. Find out what a good SAR looks like.
HMRC deregistration mailbox confirmed
- Helpsheets and support
- 30 May 2023
- PDF (170kb)
HMRC will keep its dedicated mailbox for insolvency practitioners to request VAT deregistration confirmation. After trialling the service, HMRC has decided it helps to reduce repeat calls into HMRC, saving costs and time, and helps to close cases more quickly.
Displaying 1-20 of 108 results
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