(This note is not part of the Order)
This Order amends the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003 (the “principal Order”). The principal Order provides for an annual fee to be payable by each recognised professional body based on the number of members authorised by that body to act as insolvency practitioners as at 1st January in each year.
Article 2 increases the sum used to calculate the amount payable per member from £360 to £470 and applies to calendar years from 1st January 2020.