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Corporate insolvency casework

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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, moratoriums and administrative receiverships.

Checklists*

*Please see our disclaimer below before accessing these documents.

England and Wales - post April 2017 and Scotland post April 2019

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 in England and Wales and for corporate Scottish regime appointments from 6 April 2019.

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Moratorium quiz for IPs

ICAEW's Quality Assurance Department has written the attached quiz about the moratorium procedure, introduced by the Corporate Insolvency and Governance Act 2020. While it won't be sufficient CPD in isolation, IPs and their staff may find it helps consolidate or improve their existing knowledge. As with all our helpsheets and guidance, it is not a substitute or replacement for your own knowledge or legal advice.

Guidance

*Please see our disclaimer below before accessing these documents.
Exclusive Real time information in insolvencies - guidance from R3 and HMRC
  • Helpsheets and support
  • PDF (108kb)
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.
Exclusive VAT on supervisors' fees (Paymex) - HMRC note
  • Helpsheets and support
  • PDF (22kb)
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
  • Helpsheets and support
  • PDF (48kb)
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
  • Helpsheets and support
  • PDF (127kb)
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
  • Helpsheets and support
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 basic...
Your insolvency compliance review
  • Listing
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
  • Listing
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.