The Government have decided to increase dramatically the civil court fees for money claims over £20,000. It was announced last week that this change is due to come into effect on Monday 9th March 2015.
The rise in court fees is due to affect money claims, both ‘specified’ and ‘unspecified’. The new fee will be calculated at 5% of the value of the claim, up to a maximum fee of £10,000. There will also be a 10% discount on the new fee for claims issued through Money Claims On-Line (MCOL) or Secure Data Transfer.
If you have any pending claims for over £20,000, it would be sensible to consider whether or not to issue proceedings this week in order to avoid the increase.
The Example Fee Increases are listed below:
Click here to view the table.
This increase has been criticised by The Law Society along with other legal professional bodies and a pre-action protocol letter has been sent to the Ministry of Justice. The proposals are also to be further debated in the House of Lords. At present, however, there seems little prospect of the new fees not taking effect, and so any client with a claim for payment of a significant monetary sum would be sensible to consider issuing that claim without delay.
See more here.