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Changes

Personal Injury Discount Rate – change afoot!
Changes

Personal Injury Discount Rate – change afoot!

The Personal Injury Discount Rate (PIDR) *Updated 27 Sept 2024  The Personal Injury Discount Rate (PIDR) is used to assess lump-sum awards of damages – for future period lost earnings, pensions, and care costs. A review of the PIDR is underway and from January 2025, a new PIDR is likely Read more…

By Richard Formby, 10 months11 August 2024 ago
Changes

New CPR Rule Limiting Expert’s Reports In Civil Litigation – A Forensic Accountant’s Perspective On Navigating The Changes

Change is afoot in the litigation world, I am sure you are well aware of the fixed recoverable cost changes(!) – but did you know about the recent amendment to CPR Rule 28.14 (3)(c)? Effective October 1, 2023, this rule now imposes a 20-page limit on expert reports in Intermediate Read more…

By Richard Formby, 2 years30 September 2023 ago
Changes

Stay Ahead: Understanding Tax, Pensions, and Inflation Changes in Personal Injury Claims

Tax changes This year has so far been relatively straight forward on the tax side of things. Some allowances frozen (until 2028), Capital Gains Tax allowance being reduced over time, interesting tweaks to pension allowances and a change to corporation tax, but otherwise – last year (2022) was the year Read more…

By Richard Formby, 2 years9 June 2023 ago
Changes

Personal Injury Discount Rate – Time of Change?

Of interest to those involved in dealing with Personal Injury claims There has just opened a Ministry of Justice consultation on the Personal Injury Discount Rate (PIDR), applicable to future losses/costs. At issue is whether there should be Dual-PIDRs, with different rates applied to different elements of future losses/costs.  Full Read more…

By Richard Formby, 2 years29 January 2023 ago
Changes

Do the IR35 changes affect your client’s Personal Injury claim?

Off-payroll working – Big Change from 6 April 2021. If you have an Injury or Fatality claim involving someone who used a Limited Company structure for their business trade – then their loss quantum may be affected by taxation changes that come into place from 6 April 2021. The legislation Read more…

By Richard Formby, 4 years22 March 2021 ago

FFS: SORT THE QUANTUM!

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