New Insolvency Fees from 21 July 2016

There is quite a substantial change to the insolvency fee structure on the horizon.  From 21 July 2016, the fees are changing to reflect the findings of the Managing Peoples Money guidance which was delivered to the Treasury in 2014. The key deliverable of the guidance is that fees should cover costs. An impact assessment exercise was concluded on 18 March 2016 and assessed the overall impact is that Insolvency Service income will rise by [...]