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IP Fee To The Insolvency Service Set To Increase

The Government have announced a 30% increase in the fee payable by RPBs to the Insolvency Service. This will be of interest to all IPs as part of their membership renewal.

Under the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003 each RPB is currently required to pay a fee of £360 to the Secretary of State for each IP they have as a member at 1st January.

From the 1st January 2020 this fee will increase from £360 to £470.

Details of the statutory amendments can be found here

Posted: 19.11.2019
Tags:  announcement

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