The Insolvency Practitioners and Insolvency Services Account (Fees) (Amendment) (No. 2) Order 2008

• Citation: S.I. 2008/672
• Sections: 4

Section 1 Citation and commencement

This Order may be cited as the Insolvency Practitioners and Insolvency Services Account (Fees) (Amendment) (No. 2) Order 2008 and shall come into force on 6th April 2008.

Section 2 Amendment to the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003

The Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003 (“the principal Order”) is amended as set out below.

Section 3 Amendment to the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003

In paragraphs (3), (4) and (5) of article 3 of the principal Order, for “£2,500” in each place where it occurs, substitute “£2,550”.

Section 4 Amendment to the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003

In the Table of fees in paragraph 2 of the Schedule to the principal Order—

(a) in the first column, between the reference to fee No. 2 and the reference to fee No. 3, insert a reference to fee No 2A and beneath it, to fee No. 2B;

(b) for the description of fee No. 2A in the second column and the circumstances in which it is payable, insert—

Payment of unclaimed dividends or other money – administration

Where any money is paid into the Insolvency Services Account pursuant to regulation 3B, that payment shall be accompanied by a fee in respect of each company to which it relates of:—

(c) for the description of fee No. 2B in the second column and the circumstances in which it is payable, insert—

Payment of unclaimed dividends or other money – administrative receivership

Where any money is paid into the Insolvency Services Account pursuant to regulation 3C, that payment shall be accompanied by a fee in respect of each company to which it relates of:—

(d) for the amount of fee No. 2A in the third column, insert “£25.00”; and

(e) for the amount of fee No. 2B in the third column, insert “£25.00”.