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Following the release of the Enhanced Court Fees Consultation on 16 January 2015, the Ministry of Justice has announced an increase to court fees for money claims in excess of £10,000.
From 9 March 2015 the following fees will apply:
The difference in court fees for bringing a claim before 9 March 2015 is likely to be significant. For instance, under the current system a claim for £150,000 attracts a fee of £1,115. From 9 March 2015 however, the court fee will be £7,500. This may be reduced to £6,750 if the claim is issued electronically; however it is still substantially higher than the current rates.
Whilst it remains a possibility that the changes described above are not implemented on 9 March due to the number of petitions and pressure groups campaigning against it, prospective claimants should consider carefully whether it would be sensible to issue proceedings in advance of the deadline.
For further information please contact a member of the Dispute Resolution team by email or telephone.Read more