The Institute of Chartered Accountants of Scotland (ICAS) published its insolvency technical update to summarise recent developments in insolvency, including: The Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024, the Bankruptcy and Diligence (Scotland) Bill and debt relief order (DRO) changes.

The Institute of Chartered Accountants of Scotland (ICAS) has published its insolvency technical update for June 2025 which includes: major changes to the Bankruptcy and Diligence (Scotland) Act 2024 (Commencement No.2, Transitional and Saving Provisions) Regulations 2025 (SSI 2025/107) and a Sheriff Court's ruling as well as several other important updates for insolvency practitioners and financial professionals.

The Institute of Chartered Accountants of Scotland (ICAS) has published its insolvency technical update for June 2026, confirming that the Insolvency (England and Wales) (Amendment) Rules 2026 came into force on 22 June 2026. The Rules make mainly technical amendments, including changes to electronic delivery requirements and the threshold for certain creditor bankruptcy petitions in the High Court or the County Court at Central London. ICAS also states that office holders must consult the committee before exceeding an agreed fee estimate. The update further notes that changes to the UK anti-money laundering framework came into force on 30 June 2026, including amendments on enhanced due diligence, geographic risk assessment and sterling thresholds. ICAS also confirms that the Insolvency (Amendment) Act (Northern Ireland) 2026 has received Royal Assent, although most provisions are not yet in force. The update also covers car finance claims in insolvency appointments, Scottish sheriff officer fee changes from 25 September 2026, the revised ICAS Code of Ethics and the Joint Insolvency Committee consultation on proposed changes to SIP 2.

The Institute of Chartered Accountants of Scotland (ICAS) has published its insolvency technical update for March 2025 which includes: changes to the Moveable Transactions (Scotland) Act 2023 and the Common Financial Statement (CFS) as well as several other important updates for insolvency practitioners and financial professionals.

The Institute of Chartered Accountants of Scotland (ICAS) has published its March 2026 insolvency technical update, outlining key developments impacting insolvency practice in Scotland. The update confirms that the Care Leaver Payment, introduced on 1 April 2026, is excluded from income assessments for contribution orders. Additionally, and that the threshold for evidencing utility expenditure has been reduced to £137 per month. The update also highlights changes to the Accountant in Bankruptcy’s guidance, which now requires that trustee fees and outlays to be uploaded to BASYS within 14 days and further reaffirms that the Common Financial Statement continues to apply as the Common Financial Tool for statutory debt solutions in Scotland. The update also notes that in Advocate General for Scotland v Petrofac Facilities Management Ltd, the Court of Session refused to revoke a company voluntary arrangement approval, adopting a broader fairness approach than English courts when assessing unfair prejudice to creditors.

The Institute of Chartered Accountants of Scotland (ICAS) has published its insolvency technical update for September 2024 which includes a discussion on the energy price gap, an update to The Insolvency Proceedings (Fees) (Amendment) Order 2024 and amendments to Scottish Court fees.

The Institute of Chartered Accountants of Scotland (ICAS) has published its insolvency technical update for September 2026. The Consultative Committee of Accountancy Bodies has issued revised anti-money laundering and counter-terrorist financing guidance for the accountancy sector following HM Treasury approval. Firms should update their policies, procedures and training, while the 2022 supplementary guidance for insolvency practitioners remains current and should be read alongside the revised guidance. HMRC has introduced a new email route for VAT1 applications submitted by insolvency practitioners. The update also notes that a Court of Session Practice Note took effect on 5 October 2026, covering the appointment, reporting and remuneration of insolvency practitioners in corporate insolvencies. It requires court reporters to use the ICAS court reporter work programme and confirms that remuneration claims will not routinely be referred to the Auditor of Court.

The Institute of Chartered Accountants of Scotland (ICAS) has published its insolvency technical update for July 2025 which includes the Scottish Government’s two parallel consultations regarding legal frameworks.

The Institute of Chartered Accountants of Scotland (ICAS) has published its insolvency technical update for December 2025, which includes an update from the Accountant in Bankruptcy (AiB) to its Notes for Guidance on the Common Financial Tool (CFT), taking effect from 1 January 2026. The updated guidance amends section 6.8 (essential expenditure), increasing the monthly gas and electricity utility threshold that may be accepted without supporting evidence to £146.50. The revised threshold reflects the prevailing energy price cap and will apply until 31 March 2026.

The Institute of Chartered Accountants of Scotland (ICAS) has reported that the Accountant in Bankruptcy (AiB) will be restructuring its internal teams from 3 November 2025. The changes will affect both personal and corporate insolvency operations, introducing new contact email addresses and phone numbers. Firms are advised to update their data and contact details in insolvency case management systems accordingly. ICAS also reports that section 6.8 (Essential Expenditure) of the AiB Notes for Guidance (Common Financial Tool) has been updated to reflect the increase in the gas and electricity price cap, effective from 1 October 2025. The threshold for which no supporting evidence is required for utility expenditure has increased from £143 to £146 per month for the period 1 October to 31 December 2025.

The Institute of Chartered Accountants of Scotland (ICAS) reports that the Accountant in Bankruptcy has updated section 6.8 of its notes for guidance on the Common Financial Tool. This update raises the monthly utility expenditure limit, which requires no supporting evidence, from £143 to £146. The revised limit will be effective from 1 October 2025–31 December 2025, reflecting increases in the gas and electricity price cap.

The Institute of Chartered Accountants of Scotland (ICAS) has responded to proposals for reforming registration requirements for the Trust Registration Service (TRS) set out by HM Treasury in March 2024. While ICAS agrees with proposed changes on aligning registration requirements and excluding Scottish survivorship destination trusts from TRS registration, it sets out concerns relating to proposed conditions for the de minimis exemption.