http://www.legislation.gov.uk/uksi/2016/1024/rule/18.14/2017-04-06The Insolvency (England and Wales) Rules 2016texttext/xmlenStatute Law DatabaseINSOLVENCY, ENGLAND AND WALES;COMPANIES, INDIVIDUALS2024-07-02Expert Participation2017-04-06 These Rules set out the detailed procedures for the conduct of all company and personal insolvency proceedings in England and Wales under the Insolvency Act 1986 and otherwise give effect to that Act. These Rules supersede the Insolvency Rules 1986 (SI 1986/1925 as amended). Those Rules are revoked along with 29 amending Rules. These Rules give effect to amendments made to the Insolvency Act by the Enterprise and Regulatory Reform Act 2011 (c.24), the Deregulation Act 2015 (c.20) and the Small Business, Enterprise and Employment Act 2015 (c.26). PART 18REPORTING AND REMUNERATION OF OFFICE-HOLDERSCHAPTER 3Final accounts in winding up and final reports in bankruptcyContents of final account (winding up) and final report (bankruptcy)181The liquidator's final account under section 94, 106 or 146 or the trustee's final report under section 331 must contain an account of the liquidator's administration of the winding up or of the trustee's administration of the bankruptcy including——aa summary of the office-holder's receipts and payments, including details of the office-holder's remuneration and expenses; andbdetails of the basis fixed for the office-holder's remuneration.2The liquidator's final account under section 106 or 146(1)(a) must also include a statement as to the amount paid to unsecured creditors by virtue of section 176A.3The final account or report to creditors or members must also contain—adetails of the remuneration charged and expenses incurred by the office-holder during the period since the last progress report (if any);ba description of the things done by the office-holder in that period in respect of which the remuneration was charged and the expenses incurred; andca summary of the receipts and payments during that period.4If the basis of the office-holder's remuneration had not been fixed by the date to which the last progress report was made up, the final account or report must also include details of the remuneration charged in the period of any preceding progress report in which details of remuneration were not included.5Where the basis of remuneration has been fixed as a set amount, it is sufficient for the office-holder to state that amount and to give details of the expenses charged within the period in question.
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<Strong>PART 18</Strong>
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<Title>REPORTING AND REMUNERATION OF OFFICE-HOLDERS</Title>
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<Title>Contents of final account (winding up) and final report (bankruptcy)</Title>
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<Text>The liquidator's final account under section 94, 106 or 146 or the trustee's final report under section 331 must contain an account of the liquidator's administration of the winding up or of the trustee's administration of the bankruptcy including——</Text>
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<Text>a summary of the office-holder's receipts and payments, including details of the office-holder's remuneration and expenses; and</Text>
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<Text>details of the basis fixed for the office-holder's remuneration.</Text>
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<Text>The liquidator's final account under section 106 or 146(1)(a) must also include a statement as to the amount paid to unsecured creditors by virtue of section 176A.</Text>
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<Text>The final account or report to creditors or members must also contain—</Text>
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<Text>details of the remuneration charged and expenses incurred by the office-holder during the period since the last progress report (if any);</Text>
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<Text>a description of the things done by the office-holder in that period in respect of which the remuneration was charged and the expenses incurred; and</Text>
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<Text>a summary of the receipts and payments during that period.</Text>
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<Text>If the basis of the office-holder's remuneration had not been fixed by the date to which the last progress report was made up, the final account or report must also include details of the remuneration charged in the period of any preceding progress report in which details of remuneration were not included.</Text>
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<Text>Where the basis of remuneration has been fixed as a set amount, it is sufficient for the office-holder to state that amount and to give details of the expenses charged within the period in question.</Text>
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