Latest news
Statement on engaging in public practice
- 31 Aug 2024
If you are engaged in public practice in the UK, you need to hold an ICAEW practising certificate and comply with our Professional Indemnity Insurance and Practice Assurance Regulations. Find out about changes that are coming into effect in 2024
Save the date for our 2024 Restructuring & Insolvency Community roadshows
- 23 May 2024
The full roadshow programme includes legal and compliance updates, a session presented by our Quality Assurance Department’s insolvency senior manager and manager, and a fourth topical session which will be determined nearer the time.
Restructuring and Insolvency Conference
- 23 May 2024
Our next online R&I Conference is 25-26 June. Register to attend this year's conference and hear what our experts have to say about a range of practical and technical issues. Attending could contribute up to 6 hours of verifiable CPD.
Join a regulatory or conduct committee
- 23 May 2024
Learn what expertise we need and the remuneration rates for accountant and lay members.
Webinar recording: Statement of affairs and deficiency accounts
- 23 May 2024
Listen again to Gareth Limb, representing Compliance On Call, about the foundational aspects of crafting statements of affairs and deficiency accounts, sharing valuable insights and practical tips
Tips to improve quality assurance monitoring visits
- 21 May 2024
Since returning to offices post-COVID, some quality assurance monitoring visits for insolvency practitioners (IPs) are taking longer than planned. Please ensure you are helping to ensure the visit goes as quickly and efficiently as possible by ensuring key staff are available, files are accessible and that you respond promptly to our queries.
How often should I reconcile my estate accounts?
- 21 May 2024
ICAEW’s insolvency team recommends that the frequency of estate account reconciliations should be based on a risk-based approach. This may result in more or less frequency than our Clients’ Money Regulations stipulate. We explain what that means in practice and the importance of documenting the reasons for your decision of how often to reconcile.
Monitoring visit changes for insolvency practitioners
- 21 May 2024
Over the past 12 months our Quality Assurance Department’s insolvency team has been reviewing its approach to monitoring visits. The resulting changes may mean your next review date is brought forward, or that you have moved from a three to a six-year cycle. We recap the recent changes insolvency practitioners (IPs) should be aware of.
Issues of Insolvency News e-newsletters
Insolvency News, Issue 13 (May 2023)
- Newsletter
- 02 May 2023
In this issue, read about SIP 16 reviews, insolvency compliance reviews, proposed changes to SIP 3.3 (Trust Deeds) and changes to our pre-visit information requests. You can also access resources such as webinar recordings and register for this year’s Restructuring & Insolvency Conference. Plus, make note of upcoming changes to CPD and other news in the Professional Standards Department.
Insolvency News, Issue 12 (February 2023)
- Newsletter
- 08 Feb 2023
In this issue, read some of the key outcomes from last year’s quality assurance monitoring visits, familiarise yourself with forthcoming changes to SIP 3.1, access HMRC’s latest bulletins and sign up to our next live webinar.
Insolvency News, Issue 11 (October 2022)
- Newsletter
- 07 Oct 2022
In this issue of Insolvency News, the Insolvency Service confirms work it is undertaking to support you in relation to Bounce Back Loans, HMRC issues new updates including one regarding Director’s Loan Accounts and there is an opportunity to sign up for two live insolvency webinars. We also invite you to apply for a remunerated role on our Insolvency Licensing Committee and highlight two recent articles from our series on the Future of Insolvency.
Insolvency News, issue 10 (August 2022)
- Newsletter
- 11 Aug 2022
This issue includes guidance on insolvency compliance reviews and how to avoid a breach of the ICAEW Insolvency Licensing Regulations, access to updated checklists for personal and corporate casework, invitations to join us for the Restructuring & Insolvency Community autumn roadshows and a pension scheme matters for insolvency professionals’ webinar, and the latest information on IP monitoring review and sanctions.
Insolvency News, Issue 9 (July 2022)
- Newsletter
- 01 Jul 2022
In this issue we invite you to join us at the virtual Restructuring & Insolvency roadshows and to the ‘Pension issues for Insolvency Practitioners’ webinar. And there are two important updates including an enforcement notice about debt management advertisements and guidance from HMRC on submitting VAT returns. The Regulatory and Conduct Annual Report 2021-2022 is also included as well as an on-demand conference session about online mediation from the negotiator’s perspective.
Insolvency News, Issue 8 (May 2022)
- Newsletter
- 20 May 2022
Read about an update to Dear IP Article 89 as well as common pitfalls associated with the Code of Ethics. There’s also an important and timely reminder about SIP 9 and the Code of Ethics in relation to the use of SIP 9 avoidance schemes. Find out more about the Restructuring & Insolvency conference, free for the first time. Watch on-demand webinars about energy supplier insolvencies and insolvency compliance and SIP 11 annual review requirements.
HMRC Insolvency Guidance
HMRC Insolvency Bulletin: VAT Insolvency Only Mailbox
- Jun 2024
- PDF (128kb)
Recording tax and National Insurance for former employees on an insolvent entity
- Jan 2024
- PDF (125kb)
Tax returns and payments in administrations
- Jan 2024
- PDF (116kb)
VAT deregistration mailbox changes
- Jan 2024
- PDF (62kb)
Keep updated
Be the first to know when regulatory newsletters are released by following us on LinkedIn and subscribing to our monthly newsletter, Regulatory & Conduct News.
Follow us on LinkedIn Subscribe to our newsletter 