Statutory Instruments
2014 No. 583
Insolvency, England And Wales
Fees
The Insolvency Proceedings (Fees) (Amendment) Order 2014
Made
11th March 2014
Laid before Parliament
12th March 2014
Coming into force
6th April 2014
The Lord Chancellor, in exercise of the powers conferred by sections 414 and 415 of the Insolvency Act 1986( 1 ) and with the sanction of the Treasury, makes the following Order—
Citation and commencement
1. —(1) This Order may be cited as the Insolvency Proceedings (Fees) (Amendment) Order 2014 and comes into force on 6th April 2014.
(2) In this Order any reference to a numbered article or Schedule is a reference to that article of, or Schedule to, the Insolvency Proceedings (Fees) Order 2004( 2 ).
Amendments to the Insolvency Proceedings (Fees) Order 2004
2. Article 6(1) (deposits-winding up by the court and bankruptcy) the definition of “appropriate deposit” is amended as follows—
(a) in sub-paragraph (a), for “the sum of £1,165” substitute,“, other than a winding-up petition to be presented under section 124A, the sum of £1,250”;
(b) after sub-paragraph (a), add—
“ (aa) in relation to a winding-up petition to be presented under section 124A the sum of £5,000 ” ; and
(c) in sub-paragraph (c), for “£700” substitute “£750”.
3. —(1) In Schedule 2 the Table of Fees is amended as follows.
(2) In respect of the fee designated as B1, for “£1,715” prescribed as the amount of that fee, substitute “£1,850”.
(3) In respect of the fee designated as W1, substitute—
| “ W1 |
Winding up by the court other than a winding up on a petition presented under section 124A— official receiver’s administration fee For the performance by the official receiver of his general duties as official receiver on the making of a winding-up order other than on a petition presented under section 124A, including his duty to investigate and report upon the affairs of bodies in liquidation, there shall be payable a fee of— |
|
| £2,400 | ||
| W1A |
Winding up by the court on a petition presented under section 124A— official receiver’s administration fee For the performance by the official receiver of his general duties as official receiver on the making of a winding-up order on a petition presented under section 124A, including his duty to investigate and report upon the affairs of bodies in liquidation, there shall be payable a fee of— |
|
| £5,000 ” |
Transitional Provision
4. The amendments made by this Order apply only to petitions presented on or after 6th April 2014.
Signed by authority of the Lord Chancellor
Shailesh Vara
Parliamentary Under Secretary of State
Ministry of Justice
10th March 2014
We concur
Mark Lancaster
Stephen Crabb
Two of the Lords Commissioners of Her Majesty’s Treasury
11th March 2014
S.I. 2004/593 , amended by S.I. 2005/544 , 2006/561 , 2007/521 , 2008/714 , 2009/645 , 2010/732 and 2011/1167 .