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Proposed increase in court fees for the recovery of sums due

Now is the time to sort out your debtors ledger and chase up those debts due to you. It is hard enough these days keeping a tight control of your debtors and making sure they pay you on time if at all. Sometimes you are left with no alternative but to take customers or ex customers to court. It look as though this is going to become much more expensive in the future.

The Government is proposing an increase in the court fees to issue proceedings for the recovery of money due. This increase is to be 5% of the value of the claim for all claims over £10,000. The fees for claims of less than £10,000, which represent over 90% of all money claims, are unaffected by these proposals and will remain at their current levels. The maximum fee to issue proceedings will be £10,000.

Discounts of 10% will apply to these fees where the claim is initiated electronically using the Secure Data Transfer facility or Money Claims Online.

For example if you are owed £51,000 and you issue court proceedings now the initial court fee will be £910 (MCOL £815). If the proposed increase comes in to force the fee will go up to £2550! (5% of £51,000)

For tips and advice in keeping your debtors ledger in order and credit control queries please contact Carol Tindal

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