Less than a year after the last increase in court fees, the cost of issuing money claims has now been increased above a certain threshold. The fee is calculated by reference to the value of the claim including interest.
The tiered fees up to £5,000, whether issued manually or as a Money Claim Online (MCOL), remain the same.
The former bracket of £5,000.01 to £15,000 has changed to £5,000.01 to £10,000 with the fee being £455, and £410 for MCOL. The upper limit of the bracket now matches the small claims upper limit of £10,000.
The real change occurs for claims valued at £10,000+ The fee will now be 5% of the value of the claim, up to a maximum fee of £10,000 for court issued claims. By way of example, a £50,000 claim previously would attract a fee of £550. Now it is £2,250 issued as an MCOL, or £2,500 if court issued.
MCOL claims are limited to £99,999.99, and between £10,000 up to that threshold, are 4.5% of the claim value.
Other court fees remain the same.
Form EX50 which details all fees can be found here:
http://hmctsformfinder .justice.gov.uk/ courtfinder/ forms/ ex050-eng.pdf