The move, which is subject to Parliamentary scrutiny, is in response to a review of the services funding arrangements which sought to develop a more resilient, transparent fee structure.
From 21 July 2016 under the new structure the deposit and administration fee will remain. A new official receivers general fee will be introduced. This will replace the current Secretary of State fee, which will no longer apply to cases where orders are made on or following the commencement date.
The general fee will be charged on all cases and will be at a fixed level, currently set at £6,000.
There is a new Trustee/liquidator fee will be charged on assets realised by the official receiver when carrying out the duties of trustee or liquidator, which is set…
Read the full article at: https://www.cchdaily.co.uk/insolvency-service-unveils-new-fee-structure