Very important change to the budgeting regime coming into effect from 1 October 2019

Practitioners should be aware of a very important change to the budgeting regime coming into effect from 1 October 2019 by way of the 109th Update to the CPR. Budgets have generally been prepared such that the “incurred costs” shown will be the costs which have been incurred up to the date the Budget is prepared. From 1 October that will change and it will be necessary to show as incurred costs all those costs which will have been incurred up to and including the date of the first costs management hearing. The note to the revised Practice Direction says: “Costs Management (PD 3E) effective from 01 October 2019: provides clearer guidance on the cut-off between budgeted costs and incurred cost

Costs Blog

Disclaimer: The content of this blog is provided on a complimentary basis. The opinions expressed do not necessarily represent those of SPH Costing Services Ltd. The content of the blog is not intended to and does not constitute legal advice on any specific matter or generally. Individual Legal advice should be sought from a Lawyer in relation to any specific case or issue. SPH Costing Services Ltd does not accept any responsibility for the correctness of this blog or for any consequences of relying on it.

© 2020 SPH Costing Services Ltd - Registered in England 3194408

Costs Lawyers and Law Costs Draftsmen