Technical Resources
Technical Alerts

 

Welcome to the R3 Technical Library, a unique resource for searching technical and specialist information within the sector. The below are available Technical Alerts.

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CORPORATE INSOLVENCY AND GOVERNANCE BILL
The UK Government has published its ‘ Corporate Insolvency and Governance Bill’ (‘CIGB’) in order to help support businesses through the economic impact of COVID-19. The CIGB has been fast tracked “to give companies breathing space and keep trading while they explore options for rescue." R3’s Technical Team and General Technical Committee have provided a high level overview of elements of the CIGB for members.
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The Coronavirus (Scotland) (No.2) Bill
Important changes to Bankruptcy (Scotland) Act 2016
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HMRC – Insolvency Guidance. Introduction of electronic banking for Insolvency Practitioners making dividend payments
This technical alert concerns the guidance released by HMRC titled ‘ Introduction of electronic banking for Insolvency Practitioners making dividend payments’ and historic claims from HMRC.
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Consultations on revisions to Statements of Insolvency Practice 7 and 9
The Joint Insolvency Committee (JIC) is consulting on changes to SIP 9 - Payments to insolvency office holders and their associates and SIP 7 - Presentation of financial information in insolvency proceedings. The consultation will commence on 27 April 2020 and will be open for a period of 12 weeks, closing on 20 July 2020.
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Consultations on revisions to Statements of Insolvency Practice 3.1 and 3.2
The Joint Insolvency Committee (JIC) is consulting on changes to SIP 3.2 - Company voluntary arrangements and SIP 3.1 - Individual voluntary arrangements. The consultation will commence on 27 April 2020 and will be open for a period of 12 weeks, closing on 20 July 2020.
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Tax update (30 April 2020)
HMRC have kindly informed R3’s tax working group of their current position with regards to Time To Pay (‘TTP’) proposals and the collector’s position on interest and penalties.
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Technical Update (20 April 2020)
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Technical Update (7 April 2020)
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Technical update (1 April 2020)
An update on swearing a declaration of solvency (list of solicitors), HMRC insolvency guidance, the Coronavirus Job Retention Scheme, PPF updates, an u pdate from Mr Justice Snowden, and more.
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Swearing a Statutory Declaration - COVID-19 contingency arrangements
A list of solicitors that are willing to undertake a swearing, whilst abiding by the UK Government guidance in respect of social distancing.
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The Coronavirus Job Retention Scheme
The Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. The Government guidance confirms that the scheme can be accessed by an Administrator of a company .
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New R3 website...New website links to Technical Materials
Despite the efforts of the Technical Team to have the website links to the technical materials held on the old R3 website transferred to the new version, it was not possible. This note provides members with new website links to ‘ Creditors Guides ’, ‘ Fee Guides ’, ‘ IVA Standard Conditions ’ and ‘SIPS'.
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Joint statement to Insolvency Practitioners and authorised Firms from the FCA, ICO and FSCS
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E-Filing, Administration - Notice of Appointment - Part II - January 2020
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Money Laundering and Terrorist Financing (Amendment) Regulations 2019 - January 2020
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Disguised Remuneration Loan Charge - Part III - January 2020
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E-Filing, Administration - Notice of Appointment - November 2019
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Insolvency Service - Updates on the workings of the RPS - October 2019
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The Return of Crown Preference - Draft legislation for Finance Bill 2019-2020 - July 2019
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Insolvency Service - Redundancy Payments Service - Contact issues - July 2019
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Further Information & Articles
Caroline SumnerCaroline Sumner
Technical & Education Director
020 7566 4207
Ben LuxfordBen Luxford
Technical Manager
020 7566 4218
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