|
NEW FINANCIAL REGIME – (Effective 1st
April 2004)
Secretary
of State Fee on ISA deposits on bankruptcies and compulsory liquidations
received from 1/04/04 to 05/04/08.
|
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 6th April 2008
|
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.
|
|
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.
|
NOTE: No Secretary of State Fee is payable
on deposits in voluntary liquidations.
The
following banking fees will be payable, where an account is maintained with the
Secretary of State:
|
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
|
The
following fees will also be payable:
|
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 Fee
NB: These fees were revoked for all transactions 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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