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…
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…
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…
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…
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…