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2 thoughts on “Lord Justice Jackson wins award”
Slightly off topic, have you ever considered having a forum on this website? I think it would be useful.
I had this email from an ATE provider the other day, I am interested to know your thoughts:-
As you are most probably aware IPT increases to 6% on 4th January 2011. Please note that all policies issued from 4th January 2011 will be issued at the higher rate.
In relation to premium recovery and payment the cash receipt method has to be used by Insurers as a result of the premium’s being deferred on After the Event policies. This means that the tax point is the date payment of the premium is made and therefore the IPT rate is the rate in force on the date the payment is made.
Please ensure that any premiums collected on or after the 4th January 2011 are at the rate of 6% of the premium payable.
On cases where costs have been agreed but are yet to be paid please ensure that the defendants are made aware of the required increase if they do not pay the premium prior to 4th January 2011.
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