This week we provide a timely reminder of the increase in insurance premium tax (IPT) for after-the-event (ATE) insurance premiums, taking the tax from 6% to 9.5% on 1 November. Take a look at this article in Litigation Futures which warns Solicitors that insurance companies will look to them to make up the shortfall if they fail to deduct and pay the correct amount of IPT. This could be a costly issue for volume work if the date is missed.
There is an interesting overview of case law relating to conditional fee agreements (CFAs) written by Professor David Chalk, DAS LawAssist Consultant here . There are six new decisions to consider from the last couple of months covering a number of issues including the assignment of CFAs from one firm to another and the replacing of public funding with a CFA (pre-LASPO).
Elsewhere, in legal aid, there are mandatory new legal aid forms to use from 1st November 2015. We provide a full update here.