The Insolvency Practitioners and Insolvency Services Account (Fees) (Amendment) Order 2004
This Order corrects an error in the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003. Article 3(1) of the 2003 Order charges a holder of an authorisation to act as an insolvency practitioner a fee calculated by reference to the period from the principal commencement date of that Order (1st April 2004) until the earlier of the anniversary of the granting of the authorisation or its expiry. The policy intention was that a fee should not be payable under Article 3(1) where a fee was on that date chargeable by virtue paragraphs (4) and (5) of that Article or a new authorisation was granted on that date. This Order gives effect to that policy intention.