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Harmans Costs Brief – June 2017
In this issue we look at an important case from the Court of Appeal where refusal to mediate was not a bar to the recovery of costs. We also discuss another judgment that has been eagerly awaited by PI lawyers, the “£400 club” case. And don’t…
Tags: access to justice, ADR, costs, Costs Brief, costs budgets, Court of Appeal, Deputy High Court Judges, fixed costs, Insurance Premium Tax, IPT, Jackson reforms, LLST, London Legal Walk, Lord Chief Justice, Lord Justice Briggs, Lord Justice Jackson, mediation, Personal Injury, Precedent R, refusal to mediate, RTA Protocol -
Reminder: The new standard rate of IPT is now 12% but…
The new standard rate of IPT is due from 1 June 2017 on insurance premiums received on or after that date which relate to risks for which the period of cover under the terms of an insurance contract begins on or after that date. Premium…
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Harmans Costs Brief – December 2016
Welcome to the December Costs Brief, the final issue of 2016. Partner Gary Knight has provided a thorough costs update with a particular focus on ATE and we’ve also looked at the decision of Costs Judge Jennifer James in the matter of Briggs vs First…
Tags: ATE, Autumn Statement, CFA, costs, Costs Brief, costs budget, Costs Judge, costs seminar, CPR, Denton, Detailed Assessment, disproportionate, IPT, LASPO, Legal costs update, Mitchell, Part 36 offer, payments on account, proportionality, relief from sanctions, Statement of Reasons, success fees -
IPT to increase from 10% to 12% from 1 June 2017
The Government will raise insurance premium tax from 10% to 12% from June next year Chancellor Philip Hammond said last month in his first Autumn Statement address to Parliament. The Government plans to net £4billion using the tax hike between 1 June 2017, when it…
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Harmans Costs Brief – October 2016
Welcome to the October issue of Costs Brief. We’re busy preparing for our next seminar at The Law Society in London, date to be confirmed imminently, so watch this space! As usual, we’ve also covered the latest industry news including a costs update from Partner…
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Harmans Costs Brief – March 2016
What a hectic month – we’ve added to our Law Society Excellence Award shortlisting last year with another shortlisting in the Modern Claims Awards, this time for Costs Company of the Year! Plans for our spring seminar are in full swing and we’ve also been keeping…
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Insurance premium tax rate rise: what you can do
The standard rate of insurance premium tax jumps to 9.5% on 1 November, potentially leaving solicitors having to pay an additional 3.5% over and above a calculated premium. Matthew Harman explains what you need to do now. http://communities.lawsociety.org.uk/civil-litigation/news-and-features/civil-litigation-features-and-comment/insurance-premium-tax-rate-rise-what-you-can-do/5051699.article
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Matthew Harman discusses the increase in Insurance Premium Tax (IPT)
From 1 November 2015, the standard rate of IPT will be increased by 3.5 percentage points to 9.5%. From this date all premiums received by insurers using the IPT cash accounting scheme will be charged at 9.5%. For insurers using the special accounting scheme, there…
