Tax – Related Issues for GB/NI Licensed Insolvency Practitioners
Following discussions between R3 and HMRC on tax-related issues the following Notices have been issued:
Insolvency Practising Certificate Holders - Insolvency Compliance Review
Insolvency Service GB/NI - Annual Review of Regulation
The Insolvency Service’s Annual Review of Regulation for 2012 has been published. The review includes details of the agency’s monitoring activities as oversight regulator as well as the outcomes from disciplinary action by regulators during 2012.
The Insolvency Service (GB) has announced reforms to the regulatory framework for Insolvency Practitioners.
CARB has received a number of queries over the past few months regarding the implications of the Personal Insolvency Act 2012 in the context of CARB’s regulatory and disciplinary processes. A ‘frequently asked questions’ (FAQ) helpsheet has been prepared to assist members.The FAQs are available by clicking here.
Joint Guidance on Payment Protection Insurance (PPI) Mis-Selling Claims Issued
The Recognised Professional Bodies, R3 and The Debt Resolution Forum have issued joint guidance for Insolvency Practitioners who are dealing with individual voluntary arrangements or bankruptcy cases, which deals with the issues that may arise when the debtor may have been mis-sold PPI. The guidance covers matters such as the status of a mis-selling claim in an IVA, set off, dealing with tax and case closure. You can access the guidance here.
Consultation on Statements of Insolvency Practice Update on the Insolvency Service's response to the consultation on 'Reforming the Regulatory Framework for Insolvency Practitioners.Joint Insolvency Newsletter - Summer 2011Joint Insolvency Newsletter - Winter 2011CARB's submission to DETNI Consultation on Policy - Modernising & Streamlining of Insolvency Procedures.