NEW FINANCIAL REGIME –
(Effective 1st April 2004)
SECRETARY OF STATE FEES:
NOTE: No Secretary of State Fee is
payable on deposits in voluntary liquidations prior to 1st April
2004.
Secretary of state fee on ISA deposits on
bankruptcies and compulsory liquidations received from 6th April 2009.
|
Enterprise Act Bankruptcy & Compulsory Winding up orders made prior to1st
April 2005. |
0% |
0% applied to realisations after 6th April 2009. |
|
Enterprise Act Bankruptcy orders made from 1st April
2005. |
17% |
0% on the first £2000 A fee (up to a
maximum of £80,000) calculated as a percentage of all chargeable receipts
relating to the bankruptcy. |
|
Enterprise Act Compulsory Winding up orders made from 1st
April 2005.
|
17%
|
0% on the first £2000 A fee (up to a
maximum of £80,000) calculated as a percentage of all chargeable receipts
relating to the company.
|
|
Bankruptcy – Secretary of State’s
administration fee |
17%
|
0% on the first
£2000 A fee (up to a maximum of £80,000)
calculated as a percentage of all chargeable receipts relating to the
bankruptcy. |
|
Compulsory Winding up by the court –
Secretary of State’s administration fee
|
17%
|
0% on the first
£2000 A fee (up to a maximum of £80,000)
calculated as a percentage of all chargeable receipts relating to the
company.
|
Secretary of state fee on ISA deposits on
bankruptcies and compulsory liquidations received from 6th April 2008 – 5th
April 2009.
|
Bankruptcy – Secretary of State’s administration fee
|
17% |
0% on the first £2000 A fee (up to a
maximum of £100,000) calculated as a percentage of all chargeable receipts
relating to the bankruptcy. |
|
Winding up by the court – Secretary of State’s administration fee
|
17% |
0% on the first £2000 A fee (up to a
maximum of £100,000) calculated as a percentage of all chargeable receipts
relating to the company. |
Secretary of State Fee on ISA deposits on
bankruptcies and compulsory liquidations received from 1st April
2004 – 5th April 2008.
BANKING FEE RATES:
The following banking fees
will be payable, where an account is maintained with the Secretary of State from
1st July 2009.
|
Account type
|
Fee |
Payment dates
|
|
Winding up by the
court and bankruptcy, where the liquidator or the trustee is not the
official receiver |
£18 |
1st
January
1st April
1st July
1st
October |
|
Voluntary winding up
|
£23 |
1st
January
1st April
1st July
1st
October |
The following banking fees were applied,
where an account was maintained with the
Secretary of State from 1st
April 2004 to 30th June 2009:
|
Account type
|
Fee
|
Payment dates
|
|
Winding up by the court and bankruptcy, where the liquidator or the
trustee is not the official receiver
|
£15 |
1st January
1st April
1st July
1st October
|
|
Voluntary winding up
|
£20 |
1st January
1st April
1st July
1st October
|
TRANSACTION FEES:
The following fees will be payable from 6th
April 2009:
|
Fee type
|
Amount
|
|
Issue of a cheque, money order or payable
order |
£1.00 |
|
BACS |
£0.15 |
|
Investment fee (on the
purchase of an investment)
From 6th
April 2009.
For each purchase or
sale of any government securities made at the request of a trustee in
bankruptcy or a liquidator in compulsory or voluntary winding up –
(a)in respect
of a purchase, where the cost of
the
securities (including accrued interest, if
any)-
(i) does not exceed £5,000, a fee of –
(ii) exceeds £5,000 a fee of –
(b) in respect of a
sale, where the proceeds of sale of the securities (including accrued
interest, if any) exceed £5,000, a fee of -
|
£50
£50 plus 0.3% of the
cost in excess of £5,000
£50 plus 0.3% of the
proceeds in excess of £5,000
|
|
Chaps Transfers |
£10.00 |
The following transaction
fees were applied from 1st April 2004 to 5th April 2009.
|
Fee type
|
Amount
|
|
Issue of a cheque, money order or payable order
|
£0.80 |
|
BACS |
£0.15 |
|
Investment fee (on the
purchase of an investment)
|
£50
|
|
Chaps Transfers |
£10.00 |
Secretary of State Fee/Ad Valorem
NB: These fees were revoked for all realisations after 01/04/04
|
Voluntary
Liquidations |
Old Act Cases
% |
New Act Cases
% |
|
Where the money
consists of unclaimed dividends |
1.25 |
1.75 |
|
Where the money
consists of undistributed funds or balances: |
|
|
|
(1) on the first
£50,000 or fraction thereof |
1.25 |
1.75 |
|
(2) on all further
amounts |
0.75 |
1.25 |
The total fee payable not
to exceed £12,500 in New Act Cases and £7,500 in Old Act Cases
Bankruptcies and Compulsory Liquidations
NB: These fees were revoked
for all transactions after 01/04/07
|
On the first £50,000 or
fraction thereof |
10.00 |
15.00 |
|
On the next £50,000 or
fraction thereof |
7.50 |
11.25 |
|
On the next £400,000 or
fraction thereof |
6.50 |
9.75 |
|
On the next £500,000 or
fraction thereof |
3.75 |
5.625 |
|
On the next £4,000,000
or fraction thereof |
2.00 |
3.00 |
|
On the next £15,000,
000 or fraction thereof |
1.00 |
1.50 |
|
On the next £30,000,000
or fraction thereof |
1.00 |
0.25 |
|
On all further amounts |
1.00 |
0.10 |
Secretary of State fee is charged in New Act
cases.
Ad valorem fee is charged
in Old Act cases.
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