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Corporate insolvency casework

The resources in this section support the work of ICAEW licensed insolvency practitioners and their staff who undertake formal corporate insolvency appointments under the Insolvency Act 1986 (and associated legislation). Guidance and checklists providing information on: liquidations (voluntary and compulsory), company voluntary arrangements (CVAs), administrations and administrative receiverships.

Checklists*

* Please see our disclaimer below before accessing these documents.

England and Wales - post April 2017

All insolvency case types

This checklist is designed to support the work of ICAEW licensed Insolvency Practitioners (IPs) in preparing for insolvency compliance reviews and to comply with the requirements of ICAEW’s insolvency licensing regulations and guidance. It aims to support reviews of formal personal and corporate appointments for work done on or after 6 April 2017.

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 England and Wales - post-April 2010

Administrations

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A case review checklist to support insolvency practitioners undertaking administrations.

Receiverships

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A checklist to help insolvency practitioners undertake case reviews of receivership cases.

Company voluntary arrangements - Post July 2014

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A case review checklist for company voluntary arrangement appointments undertaken after July 2014.

Compulsory liquidation appointments

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A checklist to help insolvency practitioners undertake reviews of compulsory liquidation appointment cases.

Members' voluntary liquidations

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A case review checklist for members' voluntary liquidations.

Pre-April 2010 checklists

Guidance

Real time information in insolvencies - guidance from R3 and HMRC

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In response to concerns raised about the operation of RTI in formal insolvency proceedings and the problems that may arise as a consequence of the disruption which accompanies such proceedings, HMRC and R3 issued a joint note to explain the current position.

VAT on supervisors' fees (Paymex) - HMRC note

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In response to insolvency practitioners request for clarification in light of the VAT Tribunal decision in the case of Paymex Limited and the subsequent HMRC Briefs published in response to the Paymex ruling, HMRC published this note to R3.

Interest rate hedging products

This helpsheet is for Insolvency Practitioners (IPs). In 2012, the Financial Conduct Authority (FCA) identified failings in the way that some banks sold interest rate hedging products (IRHPs). The banks involved agreed to review their sales of IRHPs made to unsophisticated customers since 2001. The full review started in May 2013.

Financial controls for insolvency cases

This helpsheet is for Insolvency Practitioners (IPs). It is essential that an Insolvency practice has robust controls over estate accounts and cashiering procedures, both to ensure that estate monies are safe, and also to enable you to prepare accurate statutory returns, and receipts and payments accounts.

Data protection and insolvency

The Data Protection Act 1998 (DPA) came into force on 1 March 2000. It sets rules for companies and organisations that deal with personal data. Personal data is information that identifies living individuals. The DPA applies to the processing of personal information and extends to some paper records as well as those held electronically. Its scope is very wide and it imposes a number of obligations. Some obligations are quite onerous on those involved in the processing of personal data. The information on this page is aimed at insolvency practitioners and does not go into detail about the basics of data protection.

Your insolvency compliance review

Access guidance to support the work of ICAEW licensed Insolvency Practitioners (IPs) and their staff in conducting insolvency compliance reviews. Available guidance includes frequently asked questions, helpsheets, forms and checklists.

Guidance on personal insolvency casework

Resources to support insolvency practitioners in undertaking formal personal insolvency appointments under the Insolvency Act 1986 (and associated legislation), providing information about the types of personal insolvency that may assist individuals experiencing debt problems, and guidance on bankruptcy and individual voluntary arrangements.

*Please see our disclaimer below before accessing these documents.

Disclaimer: helpsheets and checklists

This guidance is designed to support the work of ICAEW licensed Insolvency Practitioners and their staff.

Our helpsheets provide support on the preparation of insolvency compliance reviews, on running insolvency practices, as well as technical help. The helpsheets will also help you to comply with the requirements of ICAEW’s insolvency licensing regulations and guidance.

Our personal and corporate insolvency checklists may be useful when you review your formal appointments. They're not an exhaustive statement of the law and best practice but they give staff with insolvency experience the key areas to consider.

ICAEW doesn’t give any guarantee or warranty regarding the accuracy of the checklists or helpsheets none of which should be treated as a substitute or replacement for the user’s own knowledge or legal advice.