Completing an RP3 (RP3B) Form - Extra Information if you are a director
This form must be completed by directors to assist the Redundacy Payment Service is establishing whether the person was an employee of the insolvent entity and therefore entitled to redundancy pay, etc.
A copy of Form RP3B should be provided by the Insolvency Practitioner dealing with the case or a copy can be obtained from the RPS on 0845 145 0004.
The RP3 form is relatively simple to complete but should a person experience any difficulties the RPS on the above should be able to assist.
Questions 1-9
These questions are fairly self explanatory.
Questions 10-13: Reduced or no salary payments
These questions are fairly self explanatory and should be completed with as much information as possible. Continue on a separate sheet as necessary.
Reasons for such arrangements could include cash flow problems, gesture of goodwill to employees, etc.
Questions 14 to 25
Self explanatory
Question 26 - Shareholding
This question is aimed at determining what proportion of the business was owned by the director. If there are different types and classes of shares then provide details on a separate piece of paper; the type of share, rights of that class of share, the number of that class of shares, the percentage of value of that class of share.
Question 27: Investment and guarantees
Provide details of any guarantees given to banks, suppliers, etc. and any amounts invested in the business, e.g. funds paid to the company for shares, loans made, payments made personally to suppliers, etc.
Questions 28-30
These questions are self explanatory.
